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46 Notes DOTTIKON ES Group Annual Report 2011/12
6 INCOME TAXES
Income taxes can be analyzed as follows:
CHF thousand/April–March 2010/11 2011/12
Net income (net loss) before taxes
Tax expenses (tax revenue) at the applicable
-9'641 -1'953
tax rate of 60.6% (previous year: 26.8%) A Debit (credit) adjustments recognized
-2'584 -1'184
for previous period, net 4 8
Effect of deferred tax rate adjustment -1 0
Other effects 3 0
Recognized income tax expenses (tax revenue) -2'578 -1'176
A Change in the weighted tax rate is mainly due to changes in the composition of the
Group companies results, thereof one Group company with net loss (disproportionately
high effect in the reporting year 2011/12)
CHF thousand/April–March
Attributable to the following positions:
2010/11 2011/12
Current income tax 786 640
Deferred income tax -3'364 -1'816
Recognized income tax expenses (tax revenue) -2'578 -1'176
Income taxes recognized in other comprehensive income:
CHF thousand/April–March 2010/11 2011/12
Current income tax A -156 11
Deferred income tax B Total income taxes recognized in
64 -1'239
other comprehensive incomeC -92 -1'228
A
Tax effect: recognition of realized gains (losses) and changes in fair value of foreign
exchange forwards
B
Tax effect: recognition of employee benefits
C "+" expenses; "-" income
Income taxes recognized in equity:
CHF thousand/April–March 2010/11 2011/12
Current income tax A 1 2
Deferred income tax 0 0
Total income taxes recognized in equityB 1 2
A
Tax effect: gain from disposal of own shares including gratuitous disposal to
employees, which DOTTIKON ES Group considers as performance drivers upon
fulfilling certain criteria
B
"+" expenses; "-" income
For further information on deferred tax assets and liabilities
see notes 17 "Deferred Tax Liabilities".
7 EARNINGS (LOSS) PER SHARE
Loss per share amounts to CHF 0.63 (previous year: loss of
CHF 5.70) and is calculated from the Group's net loss (previous
year: net loss) and the weighted average number of shares
outstanding (shares issued less own shares). In the reporting
year 2011/12, the amount of these shares was 1'240'561
(previous year: 1'238'852). There are no options or similar that
have a dilutive effect.
47 Notes DOTTIKON ES Group Annual Report 2011/12
8 DEVELOPMENT OF INTANGIBLE ASSETS
CHF thousand Cost
Balance 01.04.2010 2'791 2'791
Additions 134 134
Disposals 0 0
Reclassifications 183 183
Balance 31.03.2011 3'108 3'108
Balance 01.04.2011 3'108 3'108
Additions 172 172
Disposals -14 -14
Reclassifications 27 27
Balance 31.03.2012 3'293 3'293
Amortization, accumulated
Balance 01.04.2010 -2'011 -2'011
Additions -130 -130
Disposals 0 0
Reclassifications 0 0
Balance 31.03.2011 -2'141 -2'141
Balance 01.04.2011 -2'141 -2'141
Additions -145 -145
Disposals 14 14
Reclassifications 0 0
Balance 31.03.2012 -2'272 -2'272
Carrying amounts
01.04.2010 780 780
31.03.2011 967 967
31.03.2012 1'021 1'021
No development costs were capitalized in the reporting and the previous year since no capitalization criteria were met. Expenses
for research and development of CHF 9'997 thousand (previous year: CHF 8'350 thousand) were charged to the income state-
ment. There were no capital commitments for intangible assets as of March 31, 2012 (previous year: CHF 65 thousand). There
was no impairment on intangible assets in the reporting and the previous year. No interests were capitalized in the reporting
and the previous year.
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