Annual Report 2006

Notes to the Consolidated Financial
Statements 2006 of the Mikron Group
7.2.2 Fair values The carrying amount of the following financial assets and liabilities is equivalent to their fair value: cash
and cash equivalents, accounts receivable, current and non-current financial assets, accounts payable and financial liabilities.
The carrying amount of current and non-current financial assets is marked-to-market.
7.3 Assets pledged as security for liabilities
CHF 1‘000 Note 31.12.2006 31.12.2005
Property pledged as security for liabilities 0 54‘847
Collateral securities - nominal 0 66‘000
Loans and mortgages utilized 0 0
Other assets pledged as security for liabilities 6.6 4‘311 8‘909
Finance leases (machinery, equipment) utilized 6.12 2‘970 6‘418
Credit facilities and loans utilized 0 0
7.4 Lease commitments not recognized
CHF 1‘000 31.12.2006 31.12.2005
Not recognized lease commitments, payable
- not later than 1 year 4‘065 4‘576
- later than 1 year but not later than 3 years 6‘311 7‘214
- later than 3 years but not later than 5 years 2‘681 3‘080
- later than 5 years 754 1‘129
The future minimum lease payments are mainly related to non-cancellable operating leases for office and production facilities
and office equipments. The leases have varying terms and renewal rights.
7.5 Related party transactions
Key members of
Management Other
CHF 1‘000 2006 2005 2006 2005
Net sales 0 0 0 489
Material cost and subcontractors 0 0 -18 -47
Personnel expenses -2‘443 -2‘678 -3‘756 -3‘529
Other operating expenses - net -422 -400 1‘727 1‘366
Financial result - net 0 0 0 1‘668
Accounts receivable 0 0 94 0
Other current liabilities and accrued expenses 0 0 281 296
7.5.1 Group companies All Group companies (see table of investments) are fully consolidated. At the balance sheet date,
the Group did not have any investments in associates or joint ventures.
7.5.2 Compensation for key members of management
CHF 1‘000 2006 2005
Short-term employee benefits and fees -2‘540 -2‘789
Contribution to pension fund -257 -289
Compensation in shares and options -68 0
These remunerations were paid to the members of the Board of Directors and Group Management.
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