Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012

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Consolidated and Annual Financial Statements 2010 Consolidated Statement of Financial Position as at 31 December 2010 and 2009 80 Assets in thousand CHF Notes 2010 2009 Non-current assets Property, plant and equipment 14 113,833 141,273 Intangible assets 15 78,091 71,877 Investments 16 34,843 37,404 Derivative financial instruments 21 0 5,561 Post-employment benefit assets 7 10,312 14,444 Deferred income tax assets 27 65,871 55,339 Total non-current assets 302,950 325,898 Current assets Other receivables and other current assets 19 97,957 110,422 Unbilled forwarding services 74,742 83,103 Trade receivables 20 958,114 856,872 Derivative financial instruments 21 20,454 5,725 Other current financial assets 22 6,089 10,809 Cash and cash equivalents 22 528,936 531,803 Total current assets 1,686,292 1,598,734 Total assets 1,989,242 1,924,632 Liabilities and equity in thousand CHF Notes 2010 2009 Equity Share capital 23 50,000 50,000 Treasury shares 23 (196,003) (192,567) Reserves 950,282 999,131 Total equity attributable to owners of the parent 804,279 856,564 Non-controlling interests 24 7,890 7,015 Total equity 812,169 863,579 Non-current liabilities Borrowings 25 403 891 Provisions 26 112,579 66,658 Post-employment benefit liabilities 7 40,671 39,126 Derivative financial instruments 21 539 0 Deferred income tax liabilities 27 20,745 21,915 Total non-current liabilities 174,937 128,590 Current liabilities Trade payables 521,207 519,596 Other payables and accruals 134,264 122,823 Accrued cost of services 174,840 159,712 Borrowings 25 9,335 11,995 Derivative financial instruments 21 4,993 2,233 Provisions and other liabilities 28 141,053 103,371 Current income tax liabilities 16,444 12,733 Total current liabilities 1,002,136 932,463 Total liabilities 1,177,073 1,061,053 Total equity and liabilities 1,989,242 1,924,632 The notes on pages 84 to 135 are an integral part of these consolidated financial statements. Panalpina Annual Report 2010
Consolidated and Annual Financial Statements 2010 Consolidated Statement of Changes in Equity for the year ended 31 December 2010 in thousand CHF Notes Share capital Attributable to the owners of the parent Treasury shares Other reserves Translation reserve Retained earnings Total Noncontrolling interests Total equity 81 Balance on 1 January 2010 50,000 (192,567) (101,723) (136,473) 1,237,327 856,564 7,015 863,579 Consolidated profit (27,350) (27,350) 1,353 (25,997) Available-for-sale financial assets 16 (1,828) (1,828) (1,828) Amounts recognized in equity for defined benefit post-employment plans – Actuarial gains (losses) 7 (11,347) (11,347) (11,347) – Exchange difference 7 751 751 751 Exchange difference on translations of foreign operations (14,597) (14,597) (430) (15,027) Income tax on components of other comprehensive income 12 5,289 5,289 5,289 Total comprehensive income for the period 0 0 (7,135) (14,597) (27,350) (49,082) 923 (48,159) Dividends paid 23 0 0 (52) (52) Share-based payments employee share plan 8 676 676 676 Share-based payments option plan 8 1,540 1,540 1,540 Changes in treasury shares, net (3,436) (1,979) (5,415) (5,415) Reclassification non-controlling interests 24 (4) (4) 4 0 Balance on 31 December 2010 50,000 (196,003) (108,862) (151,070) 1,210,214 804,279 7,890 812,169 The notes on pages 84 to 135 are an integral part of these consolidated financial statements. Panalpina Annual Report 2010
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Glossary Tonnage A ship’s freight
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Contents Introduction 4 An Intervie
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Our products continue to play a maj
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Appendix 157 Kuwait Safat Luxembour
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Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012

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