AnnuAl RepoRt 2010

consolIdated statement oF Income For the year ended december 31, 2010
in CHF 1 000 2010 2009
Net sales (excluding precious metals) * 335 852 261 694
Cost of goods sold (excluding precious metals) (184 511) (144 577)
Precious metals leasing fees * (13 336) (13 286)
Gross profit 138 005 105 007
Sales and logistics (35 885) (34 661)
Finance and administration (37 964) (31 631)
Other operating costs (12 325) (9 811)
Operating costs, total (86 174) (76 103)
Other operating income * 8 661 1 728
operating result before precious metals price fluctuations 60 492 37 470
Recovery of (provision) for precious metals price fluctuations (325) 2 036
operating result after precious metals price fluctuations 60 167 39 506
Financial income 5 804 2 427
Financial expenses (8 166) (4 252)
Financial result (2 362) (1 825)
Non-operating income 26 634 1 732
Non-operating expenses (8 753) (20 055)
Non-operating result 17 881 (18 323)
Income before tax 75 686 19 358
Current income tax (24 229) (11 653)
Deferred tax 3 484 2 096
NET INComE 54 941 9 801
* The leasing fees billed to clients previously reported in the line Precious metal leasing fees have been reclassified in the line
Net sales and the shipping costs re-invoiced to clients previously reported in the Net sales have been reclassified in the line Other
operating income. The comparative figures have been restated accordingly and the notes have been updated.
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