ABB Annual Report 2012 PDF - ABB Group Annual Report 2012

Financial Statements of ABB Ltd, ZurichIncome StatementYear ended December 31 (CHF in thousands) 2012 2011Dividend income 1,200,000 1,200,000Finance income 26,054 16,560Other income 55,521 49,532Finance expense (70,701) (9,555)Personnel expenses (42,906) (27,983)Other expenses (32,962) (58,463)Revaluation gain/loss on own shares 38,674 (76,447)Net income before taxes 1,173,680 1,093,644Income taxes (500) 363Net income 1,173,180 1,094,007Balance SheetDecember 31 (CHF in thousands) 2012 2011Cash and equivalents 553 1,505Cash deposit with ABB Group Treasury Operations 3,347,513 2,444,487Receivables 21,415 13,975Total current assets 3,369,481 2,459,967Long-term loans – Group 900,000 1,500,000Participation 8,973,229 8,973,229Own shares 352,387 430,192Other assets 11,449 9,329Total non-current assets 10,237,065 10,912,750Total assets 13,606,546 13,372,717Current liabilities 50,351 41,157Bonds 1,199,040 848,664Total liabilities 1,249,391 889,821Share capital 2,384,186 2,384,186Legal reservesOrdinary reserves 1,000,000 1,000,000Capital contribution reserve 3,968,875 5,268,717Reserve for own shares 395,274 511,752Free reservesOther reserves 138,122 20,723Retained earnings 3,297,518 2,203,511Net income 1,173,180 1,094,007Total stockholders’ equity 12,357,155 12,482,896Total liabilities and stockholders’ equity 13,606,546 13,372,717138 Financial review | ABB Annual Report 2012