English - Siegfried

12. Consolidated Statement of Changes in EquityIn CHF million Capital Valuesurplus fluctuations Cumulative TotalShare- Treasury and legal of financial Retained translation Siegfried Minority- Totalcapital shares reserves*) instruments*) earnings*) adjustments*) Holding interests EquityAs of January 1, 2005 5.6 – 8.8 20.0 2.0 407.6 – 38.5 387.9 0.2 388.1Changes in – 5.5 – 5.5 – 5.5accounting policiesAs of January 1, 2005 restated 5.6 – 8.8 20.0 2.0 402.1 – 38.5 382.4 0.2 382.6Total recognizedincome and expense – – – – 4.1 43.7 16.7 56.3 – 56.3Dividends – 9.6 – 9.6 – 9.6Employee Share Plan 0.2 0.2 0.2Appropriation of earnings 1.2 –1.2 –Change in treasury shares 5.9 5.9 5.9As of December 31, 2005 5.6 – 2.9 21.2 – 2.1 435.2 – 21.8 435.2 0.2 435.4Total recognized – – – 2.1 32.6 – 8.2 26.5 – 26.5income and expenseDividends –11.6 – 11.6 –11.6Employee Share Plan – – –Appropriation of earnings 0.3 – 0.3 –Change in treasury shares – 4.7 0.1 – 4.6 – 4.6Change in minority interests – 0.2 – 0.2As of December 31, 2006 5.6 – 7.6 21.5 0.0 456.0 – 30.0 445.5 – 445.5*) In the Group’s Consolidated Balance Sheet these items are combined as reserves and retained earnings.The Siegfried Group share capital remains unchanged atCHF 5.6 million and divided into 2 800 000 registered shares(par value CHF 2). Treasury shares are deducted directly fromEquity. As of December 31, 2006 the Group held 41752treasury shares (2005: 18 103). Thereof 2936 (2005: 3787)shares are reserved for the Employee Share Plan.13. Non-current financial liabilitiesIn 1000 CHF 2006 2005Loans from banks 114 030 120 109Lease contract liabilities 5Total interest-bearing liabilities 114 030 120 114Less: current portion of non-current liabilities - – 5Total non-current financial liabilities 114 030 120 109Maturity and average interest rates Average interest rate in %In 1000 CHF 2006 2005 2006 20052006 5 7.12007 120 109 2.720082009201020112012 114 030 4.6Total 114 030 120 114Variable interest rate bank loans of CHF 75.0 million (2005:CHF 55.0 million) were fixed with interest rate swaps; theremaining non-current financial liabilities are subject to interestrate risks.78 Financial Statements Siegfried Group