Annual Report 2011

More documents

Recommendations

Info

64 Consolidated financial statements –– Consolidated statement of shareholders' equity CHF 1’000 Share capital Treasury shares Additional paid-in capital Cash flow hedges Retained earnings Currency translation Shareholders' equity of the company Minority shareholders Total shareholders’ equity 31.12.2009 25’200 -2’874 35’445 1’278 60’570 -5’754 113’865 801 114’666 Net income – – – – 8’071 – 8’071 16 8’087 Other comprehensive income – – – 563 – -11’047 -10’484 -76 -10’560 Total comprehensive income – – – 563 8’071 -11’047 -2’413 -60 -2’473 Share-based payment – – – – 26 – 26 – 26 Dividend payment 9 -3’780 73 – – – – -3’707 -26 -3’733 31.12.2010 21’420 -2’801 35’445 1’841 68’667 -16’801 107’771 715 108’486 Net income – – – – 10’793 – 10’793 62 10’855 Other comprehensive income – – – -2’730 – -4’338 -7’068 -17 -7’025 Total comprehensive income – – – -2’730 10’793 -4’338 3’725 45 3'770 Share-based payment – – – – 25 – 25 – 25 Change in consolidated companies – – – – – – – 61 61 Dividend payment 9 – – -2’471 – – – -2’471 -53 -2’524 Purchase of treasury – -166 – – – – -166 – -166 Sale of treasury shares – 2’967 958 – – – 3’925 – 3’925 Capital increase 7’140 – 55’919 – – – 63’059 – 63’059 31.12.2011 28’560 – 89’851 -889 79’485 -21’139 175’868 768 176’636 The enclosed notes are part of the consolidated financial statements.
Starrag Group High-precision machine tools for greater productivity Starrag Group is a global technology leader in manufacturing high-precision machining tools for milling, turning, boring and grinding of mid-sized to large workpieces of metallic and composite material. Principle customers are internationally active companies in the aerospace, energy, transport and engineering sectors. In addition to its portfolio of machine tools, Starrag Group provides integrated technology and maintenance services that significantly enhance customer productivity. Starrag Group products are marketed under the following strategic brands: Berthiez, Dörries, Droop+Rein, Heckert, Scharmann, SIP, Starrag, TTL, WMW. Headquartered in Rorschach/Switzerland, Starrag Group operates manufacturing plants in Switzerland, Germany, France, the UK and India and has established a network of service and sales subsidiaries in numerous other countries. Starrag Group is listed on the SIX Swiss Exchange (STGN). The StarragHeckert Holding AG (Business: Holding company) includes the following directly and indirectly controlled group companies: StarragHeckert Holding GmbH, Chemnitz, Germany (Business: Holding company; nominal capital TEUR 4'500; interest 100 %) Machine Tool Holdings Limited, Haddenham, UK (Business: Holding company; nominal capital TGBP 50; interest 100 %) SIP Société d’Instruments de Précision SA, Satigny, Switzerland (Business: Production, nominal capital TCHF 1'500; interest 100 %) StarragHeckert AG, Rorschacherberg, Switzerland (Business: Production; nominal capital TCHF 10'000; interest 100 %) Toolroom Technology Limited, Haddenham, UK (Business: Engineering; nominal capital TGBP 20; interest 76 % indirectly) StarragHeckert GmbH, Chemnitz, Germany (Business: Production; nominal capital TEUR 5'113; interest 100 %) StarragHeckert Machine Tools Private Limited, Bangalore, India (Business: Production, nominal capital TINR 10'500, interest 100 %) Berthiéz SAS, Saint Etienne, France (Business: Production, nominal capital TEUR 1'300, interest 100 % first-time consolidation due to acquisition in January 2011) Dörries Scharmann Technologie GmbH, Mönchengladbach, Germany (Business: Production, nominal capital TEUR 21'986, interest 100 % first-time consolidation due to acquisition in January 2011) Dörries Scharmann Grundstücks-Vermietungsgesellschaft GmbH & Co. KG, Mönchengladbach, Germany (Business: Financing, nominal capital TEUR 10'980, interest 100 % first-time consolidation due to acquisition in January 2011) FIRMUS Grundstücks-Vermietungsgesellschaft GmbH & Co. KG, Mönchengladbach, Germany (Business: Financing, nominal capital TEUR 9, interest 94 % first-time consolidation due to acquisition in January 2011) Starrag Group Annual Report 2011 65 ––
Page 1 and 2:
Starrag Group Annual Report 2011
Page 3 and 4:
Berthiez Dörries Droop+Rein Hecker
Page 5 and 6:
High-precision machine tools for gr
Page 7 and 8:
Asia - the market of the future Sta
Page 9 and 10:
At a glance Order intake Order back
Page 11 and 12:
Share price 90 80 70 60 50 40 30 20
Page 13 and 14: Starrag Group New look, new image W
Page 15 and 16: Swiss Equity Award received In Sept
Page 17 and 18: the integration of diverse machines
Page 19 and 20: ness cycle. The Starrag Group is th
Page 21 and 22: High precision cylindrical grinding
Page 23 and 24: Synonymous with high performance la
Page 25 and 26: Complete machining solutions with s
Page 27 and 28: Productive precision for complex pa
Page 29 and 30: Machining centers for emerging mark
Page 31 and 32: The newly formed Starrag Group will
Page 33 and 34: was roughly unchanged from the prev
Page 35 and 36: operations we broadened the monthly
Page 37 and 38: standards. We collect information o
Page 39 and 40: Group structure and shareholders Ma
Page 41 and 42: The registered shares of StarragHec
Page 43 and 44: Distribution of profit can be decid
Page 45 and 46: He was elected Chairman of the Boar
Page 47 and 48: Executive Board Members of the Exec
Page 49 and 50: Günther Eller (1960, Swiss) has be
Page 51 and 52: Daniel Rosenthal (1970, German) has
Page 53 and 54: Shareholders’ participation and p
Page 55 and 56: Information policy The company info
Page 57 and 58: Financial Commentary Net profit of
Page 59 and 60: On a comparable basis, EBIT was exp
Page 61 and 62: Consolidated income statement Starr
Page 63: Consolidated cash flow statement CH
Page 67 and 68: The operating activities of these B
Page 69 and 70: Key accounting principles Basis of
Page 71 and 72: companies’ staff is in accordance
Page 73 and 74: Segment information 1. Reporting by
Page 75 and 76: 7. Depreciation and amortization 8.
Page 77 and 78: 11. Other financial assets 12. Inve
Page 79 and 80: 16. Financial liabilities CHF 1’0
Page 81 and 82: 20. Share capital The following reg
Page 83 and 84: 24. Pension benefits Starrag Group
Page 85 and 86: 25. Income tax The anticipated tax
Page 87 and 88: 29. Other commitments CHF 1’000 3
Page 89 and 90: Net assets and goodwill arising fro
Page 91 and 92: StarragHeckert Holding AG Annual Re
Page 93 and 94: Balance sheet Starrag Group Annual
Page 95 and 96: 4. Sureties, guarantees and pledges
Page 97 and 98: Report of the statutory auditor Sta
Page 99 and 100: Five-year overview Starrag Group An
Page 101 and 102: Credits Publisher StarragHeckert Ho
show all

Annual Report 2011

Create successful ePaper yourself

Delete template?

Save as template?