Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

102
Expenses included in EBIT
Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon
Notes to the consolidated financial statements
in CHF million 2011 2010
Personnel expense
Salaries and wages 773 797
Social security and other employee benefits 1 211 218
Total 984 1 015
Depreciation and amortization
– operating property, plant and equipment 137 156
of which in:
Cost of sales 104 120
Marketing and selling 3 3
Research and development 13 12
Administration 17 21
– intangible assets (excluding goodwill) 38 39
of which in:
Cost of sales 1 3
Marketing and selling 2 2
Research and development 30 25
Administration 5 9
Total 175 195
Restructuring costs 2 1 49
1 Included in the CHF 211 million expense for social security and other benefits is CHF 26 million (previous year: CHF 27 million) attributable to
specific post-employment benefit plans of the individual companies. The remainder includes the legally required benefit contributions of Group
companies as well as other social security expenses.
2 Of the total restructuring cost of CHF 49 million in 2010, CHF 34 million relates to the Drive Systems Segment incurred in connection with
the reorganization of this Segment. The other restructuring costs of CHF 15 million relate to the Segments Vacuum (CHF 8 million), Textile
(CHF 5 million) and Coating (CHF 2 million) and were incurred in connection with measures taken for the purpose of cost-cutting and reduction of
break-even levels.
Financial income and expense
in CHF million 2011 2010
Interest income 7 4
Other financial income 1 5 126
Financial income 12 130
Interest on financial debt 2 –73 –96
Interest on provisions for post-employment benefit plans –11 –19
Other financial expense –21 –49
Foreign currency loss, net –11 –24
Financial expens –116 –188
Total –104 –58
1 In the prior year, other financial income included the debt waiver of CHF 125 million in connection with the capital and debt restructuring.
2 The total interest expense amounted to CHF 85 million (previous year: CHF 139 million) which is included in interest on financial debt and other
financial expense.
Note 3
Note 4