Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon
Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon
Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon
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Key Figures Group Notes OC <strong>Oerlikon</strong> Corporation AG, Pfäffikon<br />
Inventories<br />
Notes to the consolidated financial statements<br />
in CHF million Gross value<br />
<strong>2011</strong> 2010<br />
Value<br />
adjustment Net value Gross value<br />
Value<br />
adjustment Net value<br />
Raw material and components 298 –54 244 270 –60 210<br />
Work in progress 176 –17 159 162 –42 120<br />
Finished goods 113 –15 98 98 –23 75<br />
Trade merchandise 110 –29 81 93 –30 63<br />
Total 697 –115 582 623 –155 468<br />
Amounts charged to the income statement for write-downs of inventories in the reporting year were CHF 3 million (previous year:<br />
CHF 26 million).<br />
Construction contracts according to the percentage of completion method (POC)<br />
The accrued sales under the POC method pertain to customer orders in the segments <strong>Oerlikon</strong> Solar and <strong>Oerlikon</strong> Textile, summarized<br />
as follows:<br />
in CHF million <strong>2011</strong> 2010<br />
POC sales recognized as revenue in the period 766 576<br />
Aggregate contract costs incurred and recognized contract profits to date 752 725<br />
Gross amount due from customers for contract work as an asset 138 74<br />
Net amount of customer advances for POC projects 1 121 46<br />
1 This amount is included in the current customer advances totaling CHF 470 million (previous year: CHF 335 million).<br />
Note 10<br />
107
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