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

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14 Property, Plant and Equipmentin CHF 1,000Land andBuildingsMachinery andEquipmentFurniture andFixtures2008At CostBalance at January 1, 2008 3,161 2,835 3,058 9,054Additions 11 2,109 1,393 3,513Disposals -9 -69 -90 -168Currency translation differences -195 -58 -84 -337Balance at December 31, 2008 2,968 4,817 4,277 12,062Accumulated Depreciation / ImpairmentBalance at January 1, 2008 -161 -942 -994 -2,097Depreciation -156 -814 -910 -1,880Reclassification 2 30 33 65Currency translation differences 14 31 44 89Balance at December 31, 2008 -301 -1,695 -1,827 -3,823Net book value at January 1, 2008 3,000 1,893 2,064 6,957Net book value at December 31, 2008 2,667 3,122 2,450 8,239Fire insurance values 5,548 16,811 7,504 29,863in CHF 1,000Land andBuildingsMachinery andEquipmentFurniture andFixtures2009At CostBalance at January 1, 2009 2,968 4,817 4,277 12,062Additions 0 2,954 365 3,319Disposals 0 -192 -349 -541Currency translation differences -75 -40 -14 -129Balance at December 31, 2009 2,893 7,539 4,279 14,711Accumulated Depreciation/ImpairmentBalance at January 1, 2009 -301 -1,695 -1,827 -3,823Depreciation -155 -737 -849 -1,741Disposals 0 101 346 447Currency translation differences 15 31 20 66Balance at December 31, 2009 -441 -2,300 -2,310 -5,051Net book value at January 1, 2009 2,667 3,122 2,450 8,239Net book value at December 31, 2009 2,452 5,239 1,969 9,660Fire insurance values 5,325 17,181 8,356 30,86282 Uster Group – Notes to the Consolidated Financial Statements 2009
15 Pension Benefits15.1 Defined Benefit Pension PlanUster Technologies Ltd provides pension benefits for its employees in Switzerland in the event of retirement,disability and death. The pension scheme is organized as a separate legal entity and is funded in accordancewith legal requirements.The following tables summarize the components of net benefit expense recognized in the Statement of ComprehensiveIncome as well as the actual return on plan assets.in CHF 1,000 Jan 1 –Dec 31, 2009Jan 1 –Dec 31, 2008Amounts recognized in the income statementCurrent employer service cost -2,146 -2,502Interest expense -1,981 -2,484Expected return on plan assets 2,596 3,637Amortization of net actuarial gain /(loss) -15 0Curtailment, settlement loss 0 -1,548Pension costs current year -1,546 -2,897Actual return on plan assetsExpected return 2,596 3,637Actuarial gain /(loss) on plan assets -6,151 -11,185Actual return on plan assets -3,555 -7,548Uster Technologies Ltd expects to contribute CHF 1.4 million to the defined benefit pension plan in 2010.The funded status of the pension plan and the amounts recognized in the Statement of Financial Position ofUster Technologies Ltd are as follows:in CHF 1,000 Dec 31, 2009 Dec 31, 2008Funded StatusFair value of plan assets 61,718 72,245Defined benefit obligation -61,638 -63,802Surplus 80 8,443Amounts recognized in the balance sheetSurplus 80 8,443Unrecognized actuarial loss /(gain) 15,544 7,351Pension fund asset /(liability) in the balance sheet 15,624 15,794Uster Group – Notes to the Consolidated Financial Statements 2009 83
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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
Page 38 and 39: Board of DirectorsMembers of the Bo
Page 40 and 41: Harald Rönn, Member of the Board o
Page 42 and 43: The Board of Directors may entrust
Page 44 and 45: Nomination and Compensation Committ
Page 46 and 47: Executive CommitteeMembers of the E
Page 48 and 49: 4 Executive Committee4.1 Members of
Page 50 and 51: Harold R. Hoke Jr., Head of Sales a
Page 52 and 53: 6.2 Statutory QuorumsUnless mandato
Page 54 and 55: 9 Information PolicyUster Technolog
Page 56 and 57: Comment on the Consolidated Financi
Page 58 and 59: 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
Page 78 and 79: The table below sets out the carryi
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 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 110 and 111: 10 Investments in SubsidiariesAs of
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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