Uster Technologies Ltd | Annual Report 2009 Uster Technologies ...

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10 Investments in SubsidiariesAs of December 31, 2009, Uster Technologies Ltd held the following investments:Company Purpose % CapitalShareholdingsShare CapitalDec 31, 2009 in 1,000Uster Technologies de Mexico S. A. de C. V.(Tlalnepantla, MX) D 100% MXN 6,250Uster Technologies GmbH(Neuss, DE) D 100% EUR 26Uster Technologies (India) Pvt. Ltd(Bangalore, IN) SC 100% INR 4,950Uster Technologies K. K.(Osaka-fu, JP) SC 100% JPY 10,000Uster Technologies (Shanghai) Co. Ltd(Shanghai, CN) D 100% CNY 1,660Uster Technologies (Suzhou) Co. Ltd(Suzhou, CN) TC 100% CNY 20,185Uster Technologies Sulamericana Ltda.(Alphaville-Barueri SP, BR) SC 100% BRL 650Uster Technologies (Thailand) Ltd(Bangkok, TH) SC 100% THB 6,000Uster Technologies Holding (Thailand) Ltd(Bangkok, TH) H 100% THB 1,000Uster Technologies, Inc.(Knoxville, US) TC 100% USD 100Uster Teknoloji Ticaret A. S.(Istanbul, TR) SC 100% TRY 50TC: Technology CenterSC: Service CenterH: HoldingD: Dormant104 Uster Technologies Ltd – Notes to the Financial Statements 2009
11 Compensation of the Members of the Board of Directors and the Executive Committee11.1 Loans and Other PaymentsNo loans to present or former Members of the Board of Directors or Executive Committee were granted oroutstanding as of December 31, 2009 (2008: none).During 2009 payments for consulting services amounting to CHF 10,640 (2008: CHF 5,000) have beenmade to Max-Ulrich Zellweger but no payments to Barry James Mulady (2008: CHF 4,000).11.2 CompensationThe compensation of the Board of Directors and the Executive Committee for the year ending December 31, 2009,was as follows:Board of Directorsin CHF 2009 2008Name Function BaseCompensation(Cash)Bonus(Cash)OtherSocial CostsTotalBaseCompensation(Cash)OtherSocial CostsTotalMax-Ulrich Zellweger Chairman 80,000 50,000 7,125 137,125 94,085 3,939 98,024Ulrich Geilinger Vice-Chairman 1) 0 0 0 0 17,747 1,083 18,830Beat Lüthi Vice-Chairman 2) 50,000 0 3,625 53,625 39,376 2,400 41,776Barry James Mulady Member 50,000 0 3,125 53,125 58,002 3,535 61,537Harald Rönn Member 50,000 0 3,625 53,625 60,131 3,666 63,797Geoffrey Scott 3)MemberTotal 230,000 50,000 17,500 297,500 269,341 14,623 283,9641)Ulrich Geilinger left the Board of Directors at the Ordinary General Meeting held on March 18, 2008.2)Beat Lüthi was elected Member of the Board of Directors by the Ordinary General Meeting held on March 18, 2008.3)The compensation of the executive member of the Board of Directors is shown under the compensation of the ExecutiveCommittee.Uster Technologies Ltd – Notes to the Financial Statements 2009 105
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Uster Technologies Ltd | Annual Rep
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Achievements 2009• EBITA margin m
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PortraitThe Uster Group is the lead
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Table of ContentsInhaltsverzeichnis
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Max-Ulrich Zellweger, Geoffrey Scot
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Quality means the customercomes bac
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Operational ReviewOperativer Rückb
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Inconsistent quality meansloss of p
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position as the world leader and au
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Poor quality can destroybrand reput
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Sales and MarketingVertrieb und Mar
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The hidden cost of poor qualityThin
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Research and InnovationForschung un
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OperationsProduktion und LogistikIn
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OutlookAusblickSeveral trends and l
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Corporate GovernanceThe information
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• On February 10, 2009, Lombard O
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2.4 Shares and Participation Certif
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Board of DirectorsMembers of the Bo
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Harald Rönn, Member of the Board o
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The Board of Directors may entrust
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Nomination and Compensation Committ
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Executive CommitteeMembers of the E
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4 Executive Committee4.1 Members of
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Harold R. Hoke Jr., Head of Sales a
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6.2 Statutory QuorumsUnless mandato
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9 Information PolicyUster Technolog
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Comment on the Consolidated Financi
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Uster Group - Consolidated Financia
Page 60 and 61: Consolidated Statement of Cash Flow
Page 62 and 63: Consolidated Statement of Changes i
Page 64 and 65: 2.5 Impairment of Goodwill and Inta
Page 66 and 67: Standards, Amendments and Interpret
Page 68 and 69: 3.4 Intangible AssetsBusiness Combi
Page 70 and 71: 3.6 Financial InstrumentsFinancial
Page 72 and 73: 3.7 InventoriesInventories are meas
Page 74 and 75: 3.13 Revenue RecognitionRevenue fro
Page 76 and 77: The carrying amount of financial as
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Page 80 and 81: The fair value of the bank loans ha
Page 82 and 83: 8.4 Personnel Expensein CHF 1,000 J
Page 84 and 85: 12 Intangible Assetsin CHF 1,000 Cu
Page 86 and 87: 13 Impairment Testing of Goodwill a
Page 88 and 89: 14 Property, Plant and Equipmentin
Page 90 and 91: The changes in the present value of
Page 92 and 93: 16 Income TaxStatement of Comprehen
Page 94 and 95: Movements in Temporary DifferencesT
Page 96 and 97: The ageing of these receivables is
Page 98 and 99: 21.3 DividendsThe holders of regist
Page 100 and 101: Restructuring ProvisionsThe Company
Page 102 and 103: 26 Operating Lease CommitmentsNon-c
Page 104 and 105: Report of the Statutory Auditor on
Page 106 and 107: Uster Technologies Ltd - Financial
Page 108 and 109: Uster Technologies Ltd - Notes to t
Page 112 and 113: Executive Committeein CHF 2008Name
Page 114 and 115: Report of the Statutory Auditor on
Page 116 and 117: Information for InvestorsShare Info
Page 118 and 119: Key Figuresin CHF 1,000 Jan 1 -Dec
Page 120 and 121: in CHF 1,000 2009 2008 2007 2006 1)
Page 122: ImprintContent Concept and EditingI
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