Annual Report 2011

11. Other financial assets
12. Inventories
The cash flows from the cash flow hedges are expected within an average of 3 to 12 months.
In 2011 a charge of CHF 1.4 million resulting from an inventory valuation adjustment was recorded
(prior year CHF 2.0 million).
13. Tangible fixed assets
CHF 1’000 2011 2010
Prepayments to suppliers 2’635 2’594
Deferred expenses 1’664 1’774
Cash Flow Hedges 58 1’726
Total other financial assets 4’357 6’094
CHF 1’000 31.12.2011 31.12.2010
Raw materials and components 39’669 24’421
Work in progress 21’484 11’293
Finished products 6’267 4’352
Total inventories 67’420 40’066
CHF 1’000
Land and
buildings
Machinery and
equipment
2011 2010
Other tangible
fixed assets Total
Land and
buildings
Starrag Group Annual Report 2011 77
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Machinery and
equipment
Other tangible
fixed assets Total
Gross value at beginning of year 39’706 34’204 3’717 77’627 41’707 39’004 4’101 84’812
Change in consolidated
companies 32
27’553 8’224 2’701 38’478 – – – –
Additions 3’927 3’791 943 8’661 673 2’105 623 3’401
Government grants – -323 – -323 – -488 – -488
Disposals -9 -1’527 -653 -2’189 – -3’477 -586 -4’063
Reclassification – – – – – 223 -223 –
Currency translation -1’559 -584 -185 -2’328 -2’674 -3’163 -198 -6’035
Gross value at year end 69’618 43’785 6’523 119’926 39’706 34’204 3’717 77’627
Accumulated depreciation at
beginning of year 15’521 23’212 2’757 41’490 15’502 25’522 3’162 44’186
Depreciation 7 2’176 4’789 1’101 8’066 1’265 2’688 387 4’340
Disposals -9 -1’386 -545 -1’940 – -3’450 -558 -4’008
Currency translation -191 -340 133 -398 -1’246 -1’548 -234 -3’028
Accumulated depreciation
at year end
17’497 26’274 3’446 47’217 15’521 23’212 2’757 41’490
Net book value at beginning of year 24’185 10’992 960 36’137 26’205 13’482 939 40’626
Net book value at year end 52’121 17’511 3’077 72’709 24’185 10’992 960 36’137
Fire insurance value at year end 145’939 125’304 271’243 95’206 52’180 147’386