Annual Report 2012 - Investor Relations

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64Notes to the consolidated financial statements20. Provisions2012RestructuringTCHFAs at 1 January 24,953 1,400 26,353Additions – – –Reversals –2,483 –700 –3,183Utilisation –3,998 – –3,998Exchange differences –26 – –26As at 31 December 18,446 700 19,146OtherTCHFTotalTCHFShown on the consolidated balance sheet as:Current provisions 8,997 700 9,697Non-current provisions 9,449 – 9,4492011RestructuringTCHFAs at 1 January – 1,400 1,400Additions 24,983 – 24,983Reversals – – –Utilisation – – –Exchange differences –30 – –30As at 31 December 24,953 1,400 26,353OtherTCHFTotalTCHFShown on the consolidated balance sheet as:Current provisions 10,663 – 10,663Non-current provisions 14,290 1,400 15,690Various restructuring expenses were incurred in 2011 in restructuring the Cham Paper Group. This extends in particular to costs forredundancy welfare plans, clearing and disposal work, and expenses incurred in connection with the premature termination of contracts.The other provisions contain accruals for construction measures.
Notes to the consolidated financial statements6521. Pension plan obligationsThe majority of the Group’s employees are covered by pension plans that are co-financed by the subsidiaries. As a rule, the pension plansare financed through employee and employer contributions to foundations that are independent of the Group. The benefits from these plansvary depending on the legal, tax and economic situations of the country in which the employees are hired. The Group’s occupational pensionscheme in Switzerland is a legally independent pension fund. In addition to the legally regulated social insurance plans, within the Group inItaly there is an independent post-employment benefit plan. A liability is reported on the consolidated balance sheet since this pension planhas no separate assets to cover its obligations.Economic benefit / economicobligation and pension plan expenseOverfunding/underfunding31.12.12TCHFEconomic share oforganisation31.12.12TCHF31.12.11TCHFChange ascomparedto previousyear orrecognisedin incomeduring FY2012TCHFAmountsaccruedduringperiod2012TCHFPension planexpense share ofpersonnel expenseCorporate welfare funds / corporate pension funds – – – – – – –Pension funds without any overfunding/underfunding – – – – 1,571 1,571 1,772Pension funds with overfunding – – – – – – –Pension funds with underfunding – – – – – – –Pension plans without assets of their own – –4,143 –4,326 144 – 179 201Total – –4,143 –4,326 144 1,571 1,750 1,9732012TCHF2011TCHFIn 2012 and 2011 there was no overfunding / underfunding or changes recognised in income. The contributions accrued to the periodamounted to TCHF 1,571 in 2012 (2011: TCHF 1,772).No employer contribution reserves existed in 2012 or 2011.As of 31 December 2012, there were no obligations toward pension plans (2011: TCHF 0).22. Share capital and treasury shares2012Number ofregistered sharesPar valueper shareCHFCarrying valueTCHFTotal registered shares issued 745,000 65.00 48,425Total treasury shares 41,655 65.00 –12,596Total shares outstanding 703,345 65.00 –2011Number ofregistered sharesPar valueper shareCHFCarrying valueTCHFTotal registered shares issued 745,000 65.00 48,425Total treasury shares 44,302 65.00 –13,610Total shares outstanding 700,698 65.00 –In 2012 there was no reduction in the share capital nor was a cash dividend distributed.At the 99th general meeting of shareholders on 27 April 2011, the shareholders of Cham Paper Group Holding AG approved the distributionof a cash dividend of CHF 5.00 per share payable from the capital contribution reserves. The cash dividend totalling TCHF 3,482 wasdistributed to the shareholders.The non-distributable, statutory or legal reserves amounted to TCHF 16,753 as of 31 December 2012 (2011: TCHF 16,739).
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4The Cham Paper Group at a glanceTh
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Letter to Shareholders9Urs ZieglerD
Page 15: Markets of the Cham Paper Group13Ou
Page 18 and 19: 16Consumer GoodsGloria Wegmüller,G
Page 21 and 22: What has speciality papergot to do
Page 23: Industrial Release21The father and
Page 26 and 27: 24Digital ImagingA scarf as individ
Page 29 and 30: Table of contents27Table of content
Page 31 and 32: Sustainability Report29Customers: E
Page 33 and 34: Sustainability Report31Eco facts &
Page 35 and 36: Sustainability Report33Society: Foc
Page 37 and 38: Corporate Governance35In the notifi
Page 39 and 40: Corporate Governance37NameUrs Ziegl
Page 41 and 42: Corporate Governance393.2 Other act
Page 43 and 44: Corporate Governance41• Finance R
Page 45 and 46: Corporate Governance43NameMarcello
Page 47 and 48: Corporate Governance45general rule,
Page 49 and 50: Corporate Governance479. Informatio
Page 51 and 52: Consolidated financial statements49
Page 53 and 54: Consolidated financial statements51
Page 55 and 56: Notes to the consolidated financial
Page 65: Notes to the consolidated financial
Page 71 and 72: Report of the statutory auditor on
Page 73 and 74: Financial statements of Cham Paper
Page 75 and 76: Notes to the Financial Statements o
Page 81 and 82: Report of the statutory auditor on
Page 83 and 84: Publishing detailsThis annual repor
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Annual Report 2012 - Investor Relations

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