Annual Report 2009 - Von Roll

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Financial Reporting 2009 – Consolidated Financial Statements 573.| Foreign currenciesThe following exchange rates were used for the translation into Swiss francs (CHF):2009 2008Average rates applied forthe consolidated income statement1 EUR 1.510 1.5881 USD 1.087 1.0831 GBP 1.696 2.0011 ILS 0.277 0.3071 INR 0.023 0.0251 BRL 0.548 0.6001 CNY 0.159 0.156Period end rates applied forthe consolidated balance sheet1 EUR 1.491 1.5021 USD 1.035 1.0581 GBP 1.654 1.5551 ILS 0.273 0.2711 INR 0.022 0.0221 BRL 0.589 0.4451 CNY 0.152 0.1544.| Gross salesIn the reporting year, gross sales changed compared with the previous year as follows:in CHF 1,000 2009 in % 2008 in %Due to volume and prices – 205,024 – 28.6 % 71,713 11.3 %Thereof copper – 64,352 – 9.0 % – 3,300 – 0.5 %Due to acquisition 67,342 9.4 % 46,359 7.3 %Due to currency changes – 24,249 – 3.4 % – 38,741 – 6.1 %Total – 161,931 – 22.6 % 79,331 12.4 %
58 Financial Reporting 2009 – Consolidated Financial Statements5.| Segment informationA breakdown by business segment in financial year 2009 is shown below:in CHF 1,000Von RollTotal net sales 570,144 364,658 113,440 92,046 –Thereof sales to other segments – 20,715 – 9,334 – 11,381 – –Net sales to third parties 549,429 355,324 102,059 92,046 –Operating expenses – 538,853 – 338,053 – 105,591 – 82,571 – 12,638EBITDA 10,576 17,271 – 3,532 9,475 – 12,638Depreciation – 15,220 – 10,081 – 3,682 – 972 – 485Amortization – 3,847 – 2,366 – 29 – 1,420 – 32EBIT – 8,491 4,824 – 7, 243 7,083 – 13,155Financial result – 3,813Income tax 962Net income for the period – 11,342Von RollInsulationVon RollCompositesVon RollTransformersOtheractivitiesCapital expenditures 21,224 9,571 3,624 4,653 3,376Impairment – – – – –Number of employees 2,953 1,365 1,288 246 54Assets 520,251 235,157 82,205 125,680 77,209Liabilities 147,556 65,458 26,676 29,013 26,409A breakdown by business segment in 2008 (restated) is shown below:in CHF 1,000Von RollVon RollInsulationVon RollCompositesVon RollTransformersOtheractivitiesTotal net sales 738,375 538,695 176,607 23,073 –Thereof sales to other segments – 28,320 – 12,466 – 15,854 – –Net sales to third parties 710,055 526,229 160,753 23,073 –Operating expenses – 647,340 – 468,454 – 140,402 – 21,324 – 17,160EBITDA 62,715 57,775 20,350 1,749 – 17,160Depreciation – 10,256 – 6,466 – 3,263 – 232 – 295Amortization – 2,389 – 1,982 – 27 – 380 –EBIT 50,070 49,327 17,060 1,137 – 17,455Financial result – 8,918Income tax – 11,397Net income for the period 29,755Capital expenditures 27,046 13,958 9,508 507 3,073Reversal of impairment 2,599 2,599 – – –Number of employees 3,448 1,527 1,628 235 58Assets 607,227 273,930 97,996 121,475 113,826Liabilities 185,971 90,128 34,280 28,939 32,624
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09Annual ReportWe Enable Energy
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Share of total salesNet sales by re
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2 Letter to shareholdersDear Shareh
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4 StrategyRefocussing of the strate
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6 StrategyPortfolio optimisation an
Page 11 and 12: 8 Executive ManagementThe Executive
Page 13 and 14: 10 Business developmentFor financia
Page 15 and 16: 12 Business developmentVon Roll Com
Page 17 and 18: SEGMENTSAPPLICATIONGeneratorsRotati
Page 19 and 20: MARKETSPower stations (gas, coal, w
Page 21 and 22: 16 Description of segmentsVon Roll
Page 27 and 28: 22 Global presenceGlobal presenceMo
Page 29 and 30: 24 The Von Roll shareThe Von Roll s
Page 31 and 32: 26 Corporate Governance1.1.31.21.3|
Page 33 and 34: 28 Corporate GovernanceGuido EgliVi
Page 35 and 36: 30 Corporate Governance3.23.33.43.4
Page 37 and 38: 32 Corporate Governance4. | Executi
Page 39 and 40: 34 Corporate Governance6. | Partici
Page 42 and 43: Financial Reporting 2009 - Consolid
Page 96 and 97: Financial Reporting 2009 - Statutor
Page 106 and 107: Glossary 101Quality assuranceIn tod
Page 108 and 109: Our product portfolioVon Roll is th
Page 110 and 111: Business addressVon Roll Holding AG
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