report

20.2 Finance leases
The carrying amount of tangible assets includes the following leased assets:
CHF 1000 Land Buildings Equipment Total
Acquisition cost 4 972 45 374 – 50 346
Accumulated depreciation – (18 610) – (18 610)
Balance at 31 December 2010 4 972 26 764 – 31 736
Additions 2010 – – – –
Reclassification – – (837) (837)
Acquisition cost 4 832 44 094 – 48 926
Accumulated depreciation – (19 361) – (19 361)
Balance at 31 December 2011 4 832 24 733 – 29 565
Additions 2011 – – – –
Reclassification – – – –
Financial leases for land and buildings include Charles Vögele Group’s distribution
centres in Lehrte and Sigmaringen in Germany, as well as in Kalsdorf in Austria.
Furnishings and fittings relating to the warehouses and offices of these locations are
included in leased assets and classified as “Equipment.” The reclassifications in
the financial year 2010 are related to expired lease contracts of warehouse fixtures and
fittings and IT-systems which were transferred to property.
21 Financial assets
CHF 1000 31.12.2011 31.12.2010
Investments 115 115
Loans – 644
Total financial assets 115 759
The position “Investments” comprises interests in non-consolidated companies
(mainly parking garages) with shareholdings below 20 %.
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Financial Commentary | Income Statement and Balance Sheet | Cash Flow and Changes in Equity | Notes | Statutory Auditors