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82 Consolidated financial statements<br />
––<br />
Other notes<br />
22. Construction contracts<br />
23. Research and development<br />
CHF 1’000 <strong>2011</strong> 2010<br />
Revenue from construction contracts 284’264 165’287<br />
CHF 1’000 31.12.<strong>2011</strong> 31.12.2010<br />
Accrued contract costs and recognized profit 173’043 103’435<br />
Advance payments received -148’111 -83’280<br />
Net value from construction contracts 24’932 20’155<br />
Thereof:<br />
Receivables 10 57’576 31’102<br />
Accrued expenses and deferred income 18 -32’644 -10’947<br />
Expenditure for research and development amounts to CHF 26.9 million or 7.5 % of sales revenue<br />
(prior year CHF 16.8 million or 8.4 %). After consideration of government grants as well as capitalization<br />
and depreciation of development projects, the income statement was charged with CHF 26.1 million<br />
net or 7.3 % of sales revenue (prior year net CHF 17.0 million or 8.6 % of sales revenue).
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