C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

All assets and liabilities of Timminco were
deconsolidated as at September 28, 2009 and are now
accounted for under the equity method of accounting.
2009
Assets
Non-current assets 192,650
Current assets, excluding cash
and cash equivalents 60,820
Cash and cash equivalents 4,914
Liabilities
Non-current liabilities 67,066
Current liabilities 103,818
Net assets 87,500
Following the classification, a loss on deemed disposal
resulting from the dilution of the share in Timminco of
$1,131 was recognized to reduce the carrying amount of
the net assets and was recognized in the consolidated
income statement in the line item Loss after tax for the
year from discontinued operations.
7. Revenue
2010 2009
Sales of goods 990,042 866,869
Rendering of services (commissions) 453 578
Total 990,495 867,447
For construction contracts, the following has been
recognized using the percentage of completion revenue
recognition method:
2010 2009
Contract revenue recognized 141,075 200,522
Contract expenses recognized 100,470 142,834
Recognized profits
Contract costs incurred and
40,605 57,688
recognized profits 183,714 258,144
Progress billings and advances received 190,367 272,325
Net amount due to customers
Gross amount due from customers
(6,653) (14,181)
for contract work (note 17)
Gross amount due to customers for
contract work (shown as advance
payments in consolidated statement
42,944 40,583
of financial position) (49,597) (54,764)
Net amount due to customers (6,653) (14,181)
96 Notes to Consolidated Financial Statements
8. Other income
Note 2010 2009
Grant income i 216 4,030
Gains from asset sales ii - 84
Release of unused provisions iii 254 824
Rental income iv 244 238
Other miscellaneous income v 627 1,006
Total 1,341 6,182
In 2010, other income of $1,341 consisted of:
(i) government grant income of $216 associated with
Graphit Kropfmühl; (ii) income from asset sales of nil;
(iii) release of unused provisions of $254; (iv) rental
income of $244 at two subsidiaries which rent out unused
space and (v) other miscellaneous income of $627.
In 2009, other income of $6,182 consisted of:
(i) government grant income of $4,030 associated with
our Berlin operation and at Graphit Kropfmühl; (ii) income
from asset sales of $84; (iii) release of unused provisions
of $824; (iv) rental income of $238 at two subsidiaries
which rent out unused space and (v) other miscellaneous
income of $1,006.
9. Personnel expenses
Note 2010 2009
Wages and salaries
Contributions to defined
129,413 118,117
contribution plans
Expenses related to defined
25 2,210 2,320
benefit plans
Social security and
25 8,777 8,164
other benefits 26,756 24,989
Performance share units
Equity-settled
26 1,964 3,605
share-based payments 26 6,362 13,729
Total
Included in the following
lines of the consolidated
income statement:
175,482 170,924
Cost of sales
Selling, general and
101,724 93,884
administrative expenses 73,758 77,040
Total 175,482 170,924