21.3 DividendsThe holders of registered shares are entitled to dividends and to one vote per share at the Shareholders’ meetingsof <strong>Uster</strong> <strong>Technologies</strong> <strong>Ltd</strong>. No dividends have been paid in <strong>2009</strong>.On March 18, 2008, the general assembly decided to reduce the nominal value by CHF 0.60 per share. By this13% of the adjusted net result 2007 was paid out to the shareholders.22 Bank Loansin CHF 1,000 Dec 31, <strong>2009</strong> Dec 31, 2008Facility A 94,438 119,250Facility B 19,839 34,786Total non-current 114,277 154,036in CHF 1,000 Dec 31, <strong>2009</strong> Dec 31, 2008Current portion Facility A 10,000 10,000Total current 10,000 10,000Total 124,277 164,036Facility AIn 2007 the initial balance of Facility A amounted to CHF 140.0 million and has been reduced by the directlyattributable transaction costs that are amortized using the effective interest method. Facility A is unsecured.After yearly contractual repayments of CHF 10.0 million in December and an additional repayment ofCHF 15.0 million in November <strong>2009</strong>, the remaining amount of CHF 85.0 million has to be repaid in full inDecember 2012.Facility BIn 2007 the initial balance of Facility B amounted to CHF 40.0 million and has been reduced by the directlyattributable transaction costs that are amortized using the effective interest method. Facility B is unsecured.It is voluntarily repayable. After a withdrawal of CHF 5.0 million in March (mainly to finance the onetimerestructuring cost paid in the first half year <strong>2009</strong> and for additional trade financing activities to respond tothe economic situation) repayments of CHF 20.0 million were made in November and December <strong>2009</strong> (June2008: voluntary repayment of CHF 5.0 million). The remaining amount of CHF 20 million has to be repaid infull in December 2012.92 <strong>Uster</strong> Group – Notes to the Consolidated Financial Statements <strong>2009</strong>
The effective interest rate and the maturity of the bank loans are as follows:Effective Interest RateMaturityFacility A Libor + margin% Dec 31, 2012Facility B Libor + margin% Dec 31, 2012The margin applicable to the basic Libor interest rate on the bank loans ranges depending on the covenantsfrom 1% to 4.5% (2008: 0.8% to 3.5%). These covenants focus on equity ratio, on EBITDA and on free cashflows generated.The Group met all loan covenants.23 Provisionsin CHF 1,000RestructuringProvisionWarrantyProvisionsOtherProvisions2008Balance at January 1, 2008 0 3,157 1,100 4,257Amounts used 0 -1,376 0 -1,376Reversals 0 -184 0 -184Increases 2,555 1,278 135 3,968Currency translation differences -9 -5 0 -14Balance at December 31, 2008 2,546 2,870 1,235 6,651ThereofNon-current 0 1,850 885 2,735Current 2,546 1,020 350 3,916in CHF 1,000RestructuringProvisionWarrantyProvisionsOtherProvisions<strong>2009</strong>Balance at January 1, <strong>2009</strong> 2,546 2,870 1,235 6,651Amounts used -1,581 -1,277 -635 -3,493Reversals -614 0 -471 -1,085Increases 0 392 0 392Currency translation differences 3 -3 -1 -1Balance at December 31, <strong>2009</strong> 354 1,982 128 2,464ThereofNon-current 0 1,254 28 1,282Current 354 728 100 1,182<strong>Uster</strong> Group – Notes to the Consolidated Financial Statements <strong>2009</strong> 93
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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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