Annual Report 2006
Annual Report 2006
Annual Report 2006
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62<br />
Notes to the Consolidated Financial<br />
Statements <strong>2006</strong> of the Mikron Group<br />
In the year under review, the weighted average interest rate of short-term financial liabilities was 5.4% (prior year: 5.7%) and<br />
for long-term financial liabilities 5.9% (prior year: 5.2%). Finance lease liabilities are mainly related to machines purchased for<br />
use in production.<br />
CHF 1‘000 31.12.<strong>2006</strong> 31.12.2005<br />
Currency split of financial liabilities<br />
CHF 2‘229 3‘408<br />
EUR 1‘548 3‘218<br />
Total financial liabilities 3’777 6‘626<br />
Maturity structure of financial liabilities<br />
Expiry<br />
- not later than 1 year 1‘892 2‘335<br />
- later than 1 year but not later than 3 years 1‘079 2‘166<br />
- later than 3 years but not later than 5 years 806 2‘125<br />
Total financial liabilities 3’777 6‘626<br />
Distribution of maturities of the finance lease liabilities<br />
Lease liabilities payable<br />
- not later than 1 year 1‘199 2‘374<br />
- later than 1 year but not later than 3 years 1‘113 2‘273<br />
- later than 3 years but not later than 5 years 873 2‘228<br />
Future interest charges on finance lease liabilities -215 -457<br />
Finance interest lease liabilities - net of future interest charges 2‘970 6‘418<br />
Short-term finance lease liabilities 1’085 2‘127<br />
Long-term finance lease liabilities 1’885 4‘291<br />
In September <strong>2006</strong>, the existing credit agreement was renegotiated and concluded for a period of 24 months. The agreement<br />
grants the Mikron Group to draw on its credit line for bank guarantees and on fixed advances at customary market<br />
conditions. The contractual covenants have been met since the commencement of the agreement.<br />
6.13 Provisions<br />
Onerous Employee Restruc-<br />
CHF 1‘000 Warranties contracts benefits turing Others Total<br />
Short-term provisions 2‘821 1‘595 0 0 2‘636 7‘052<br />
Long-term provisions 740 3‘881 39 0 0 4‘660<br />
Provisions at 31.12.2005 3‘561 5‘476 39 0 2‘636 11‘712<br />
Changes<br />
Changes in the scope of consolidation 0 0 0 0 0 0<br />
Additions 296 297 0 0 554 1‘147<br />
Utilization -540 -1‘841 0 0 -1‘187 -3‘568<br />
Reversal -711 0 -38 0 -600 -1‘349<br />
Translation adjustments -19 -338 -1 0 0 -358<br />
Provisions at 31.12.<strong>2006</strong> 2‘587 3‘594 0 0 1‘403 7‘584<br />
Short-term provisions 2‘176 1‘337 0 0 1‘335 4‘848<br />
Long-term provisions 411 2‘257 0 0 68 2‘736<br />
Provisions at 31.12.<strong>2006</strong> 2‘587 3‘594 0 0 1‘403 7‘584
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