annual report 2008 Pelikan Holding AG
annual report 2008 Pelikan Holding AG
annual report 2008 Pelikan Holding AG
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<strong>Pelikan</strong> Group<br />
8. Financial result<br />
CHF (000) <strong>2008</strong> 2007<br />
Interest and similar income 983 1,611<br />
Interest and similar expenses (5,569) (4,383)<br />
Exchange rate gain 295 71<br />
Total (4,291) (2,701)<br />
Interest and similar expenses<br />
CHF (000) <strong>2008</strong> 2007<br />
Interest expense third parties 5,569 4,040<br />
Monetary correction due to inflation - 343<br />
Total 5,569 4,383<br />
9. Taxes<br />
CHF (000) <strong>2008</strong> 2007<br />
Expense from current taxes 3,000 1,748<br />
Expenses from deferred taxes 1,422 792<br />
Total 4,422 2,540<br />
Tax expense comprises the income and capital taxes of the current business year and tax adjustments in<br />
respect of prior years. Non-recoverable withholding taxes on distributions by group companies are also<br />
included under this heading.<br />
10. Remuneration of/ advances to the Board of Directors<br />
For Directors’and Group Management’s remunerations, refer to Note 10 on pages 47 to 48.<br />
11. Trade receivables<br />
CHF (000) <strong>2008</strong> 2007<br />
Trade receivables from third parties 62,427 65,486<br />
Provisions for doubtful debts (2,245) (2,033)<br />
Total 60,182 63,453<br />
As of December 31, <strong>2008</strong> derecognized accounts receivables under financing agreement amounted to CHF 9.4<br />
million (2007: CHF 16.3 million).<br />
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