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From 1 January to 31 December<br />
INCOME StatEMENt hOlDING<br />
CHF 1000 Note 2011 2010<br />
Income<br />
Dividends – 70 000<br />
Financial income 2 15 660 12 000<br />
Total income 15 660 82 000<br />
Expenses<br />
Administration expenses (2 019) (1 994)<br />
Financial expenses 2 (3 479) (6 866)<br />
Impairment of loans to subsidiaries 3 (55) (5 460)<br />
Exchange loss, net (11 958) (63 943)<br />
Total expenses (17 511) (78 263)<br />
Profit/(loss)/ before income tax (1 851) 3 737<br />
Tax expenses (3) (20)<br />
Net profit / (loss) of the year (1 854) 3 717<br />
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