report

CHF 1000
30 Financial instruments by category (liabilities)
Liabilities
at fair value
through profit
and loss
46
Derivatives
used for
hedging
Other
financial
liabilities
at amortized
cost
Other nonfinancial
liabilities Total
Trade payables – – 37 473 – 37 473
Other liabilities and accruals – – 41 008 21 218 62 226
Derivative financial instruments – 524 – – 524
Mortgages – – 95 500 – 95 500
Loans – – 130 000 – 130 000
Balance at 31 December 2011 – 524 303 981 21 218 325 723
Trade payables – – 40 725 – 40 725
Other liabilities and accruals – – 49 978 19 335 69 313
Derivative financial instruments – 16 499 – – 16 499
Mortgages – – 81 500 – 81 500
Loans – – – – –
Balance at 31 December 2010 – 16 499 172 203 19 335 208 037
31 Share capital
The reduction in the share capital is due to the Annual Shareholders’ Meeting’s decision
on 13 April 2011, to reduce the par value of Charles Vögele Holding AG shares
by CHF 0.50 per share, from CHF 3.50 to CHF 3.00. The remaining share capital
comprises 8 800 000 fully paid-in bearer shares with a par value of CHF 3.00 each
The Board of Directors is authorized to increase the company’s share capital by a
maximum of CHF 792 000, excluding shareholders’ subscription rights, through
the issue of 264 000 shares with a par value of CHF 3.00 each (conditional capital,
Art. 5 of the Articles of Association). These shares are to be used exclusively for
people entitled to participate in the management share option plan (please also refer
to note 34.1). The Board of Directors can also increase the share capital at any
time up to 14 April 2012 by a maximum of CHF 2.4 million through the issue of max.
800 000 shares with a par value of CHF 3.00 each. Increases in instalments are
also allowed. Restrictions on or removal of shareholders’ subscription rights are
allowed in the cases defined in the Articles of Association (authorized capital,
Art. 5 bis Articles of Association). The complete latest edition of Charles Vögele
Holding AG’s articles of Association can be viewed on the company’s website
at www.charles-voegele.com at any time.