Panalpina Annual Report 2006
Panalpina Annual Report 2006
Panalpina Annual Report 2006
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Provisions<br />
These include provisions relating exclusively to foreign exchange risks.<br />
Financial liabilities to Group companies<br />
Compared to the previous year, financial liabilities to Group companies increased by CHF 7.9 million. This increase is mainly<br />
due to additionally granted loans by subsidiaries.<br />
Share capital<br />
The fully paid-in share capital on 31 December <strong>2006</strong> amounts to CHF 50 million consisting of 25 million registered shares at<br />
a par value of CHF 2.00 each.<br />
<strong>Annual</strong> Financial Statement<br />
in thousand CHF <strong>2006</strong> 2005<br />
Guarantees in favor of third parties<br />
Guarantees and indemnity liabilities, Code of Obligations, article 663b<br />
In addition, <strong>Panalpina</strong> World Transport (Holding) Ltd., Basel, has issued letters of comfort in<br />
favor of various banks concerning liabilities due from subsidiaries amounting to CHF 16.9<br />
million (previous year: CHF 29.2 million).<br />
117,977 138,794<br />
Fire insurance value of buildings and real estate 3,039 1,823<br />
Shareholders<br />
Ernst Göhner Stiftung, Zug<br />
Portfolio investment (according to the share register, there are no shareholders with<br />
42.60% 42.60%<br />
holdings of more than 5%) 57.40% 57.40%<br />
<strong>Panalpina</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong> 123