Annual Report
Annual Report
Annual Report
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Property, plant and equipment 2009<br />
Initial cost<br />
Notes to Group Financial Statements<br />
Land and<br />
buildings<br />
HUBER+SUHNER <strong>Annual</strong> <strong>Report</strong> 2010 · Part 2<br />
Technical<br />
equipment and<br />
machinery<br />
Other<br />
equipment 1)<br />
Assets under<br />
construction<br />
Balance at 1.1. 163 056 259 119 105 635 19 613 547 423<br />
Additions 1 803 12 340 6 126 14 532 34 801<br />
Disposals (2 632) (2 607) (2 703) – (7 942)<br />
Reclassifications – 116 – (116) 0<br />
Currency translation differences (49) 293 289 (30) 502<br />
Balance at 31.12. 162 178 269 261 109 347 33 999 574 784<br />
Accumulated depreciation<br />
Balance at 1.1. (101 087) (200 351) (88 444) – (389 882)<br />
Additions (3 670) (15 022) (7 616) – (26 308)<br />
Disposals 2 494 2 555 2 649 – 7 698<br />
Reclassifications – 1 (1) – 0<br />
Currency translation differences (43) (136) (162) – (341)<br />
Balance at 31.12. (102 306) (212 953) (93 574) – (408 833)<br />
Accumulated impairment<br />
Balance at 1.1. (3 694) (478) (2) – (4 174)<br />
Reversal of impairment – (1 082) – – (1 082)<br />
Currency translation differences 168 115 (1) – 282<br />
Balance at 31.12. (3 526) (1 445) (3) – (4 974)<br />
Carrying amount<br />
At 1.1. 58 275 58 290 17 189 19 613 153 367<br />
At 31.12. 56 346 54 863 15 770 33 999 160 977<br />
Of which finance lease – – 182 – 182<br />
1) The other equipment includes IT-equipment, measurement equipment, testing equipment and vehicles.<br />
At the end of 2009 production machines at HUBER+SUHNER T&C (Shanghai) Co. Ltd. were shut down and impaired<br />
in the value of CHF 1.1 million caused by lost demand. In 2010 some of these production machines could be reused at<br />
HUBER+SUHNER AG. Therefore some of these production machines were transferred at market value and therefore the<br />
impairment was reversed by CHF 0.6 million through profit and loss.<br />
Finance lease commitments<br />
Total<br />
2010 2009<br />
Initial costs – capitalised finance leases 0 333<br />
Accumulated depreciation 0 (151)<br />
Net book amount 0 182<br />
Finance lease liabilities – minimum lease payments:<br />
2010 2009<br />
Less than 1 year 0 91<br />
Between 1 and 5 years 0 125<br />
Subtotal 0 216<br />
Future finance charges on finance leases 0 (26)<br />
Present value of finance lease liabilities 0 190<br />
43
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