ANNUAL REPORT
ANNUAL REPORT
ANNUAL REPORT
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22<br />
consolIdated statement oF Income For the year endIng december 31, 2006<br />
(with comparative figures for the year ending December 31, 2005)<br />
in CHF 1 000 2006 2005<br />
Net sales (excluding precious metal) 290 452 247 852<br />
Cost of goods sold (excluding precious metal) (161 761) (149 480)<br />
Gross profit 128 691 98 372<br />
Sales and logistics (37 737) (34 957)<br />
Finance and administration (36 764) (31 640)<br />
Other operating costs (10 095) (10 445)<br />
Operating costs, total (84 596) (77 042)<br />
Precious-metal leasing fees, net (5 157) (2 567)<br />
Other operating income 1 505 2 613<br />
operating result before precious-metal price fluctuations 40 443 21 376<br />
Recovery of provision for precious-metal price fluctuations 2 282 4 666<br />
operating result after precious-metal price fluctuations 42 725 26 042<br />
Financial income 10 618 11 357<br />
Financial expenses (12 976) (12 919)<br />
Financial result (2 358) (1 562)<br />
Non-operating income 9 592 32 096<br />
Non-operating expenses (6 030) (13 562)<br />
Non-operating result 3 562 18 534<br />
Income before tax 43 929 43 014<br />
Current income tax (6 443) (3 409)<br />
Deferred tax (1 153) 1 173<br />
NET INComE 36 333 40 778
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