annual report 2008 Pelikan Holding AG
annual report 2008 Pelikan Holding AG
annual report 2008 Pelikan Holding AG
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Pelikan</strong> Group<br />
17. Intangible assets (Contd.)<br />
Trademarks include mainly GEHA trademarks which were acquired in 1998 and is amortised on a straight-line<br />
basis over 15 years.<br />
Goodwill of CHF 1.7 million arose from acquisition of Hardcopy business (ie. printer cartridges and<br />
consumables) during the financial year ended 31 December <strong>2008</strong>. This goodwill are amortised on a straight-line<br />
basis over 5 years.<br />
Goodwill of a subsidiary was impaired by CHF 0.1 million as it does not reflect its carrying amount.<br />
18. Bank liabilities<br />
CHF (000) <strong>2008</strong> 2007<br />
Current 29,337 30,998<br />
Non-current 22,837 27,727<br />
52,174 58,725<br />
Unsecured bank liabilities 35,383 46,059<br />
Secured bank liabilities 16,791 12,666<br />
Total 52,174 58,725<br />
Secured by:<br />
Receivables 7,662 5,401<br />
Inventories 7,252 7,616<br />
Tangible assets 3,717 4,289<br />
Total 18,631 17,306<br />
All bank liabilities are mainly denominated in EUR. The bank liabilities of the Company which have been<br />
included in the secured bank liabilities shown above amount to CHF 4.3 million (2007: CHF 5.0 million). These<br />
are secured by shares in a subsidiary, German Hardcopy <strong>AG</strong>.<br />
19. Accounts payable<br />
CHF (000) <strong>2008</strong> 2007<br />
Payables to third parties 19,272 20,982<br />
Payables to a related party<br />
<strong>Pelikan</strong> Hardcopy Production <strong>AG</strong>, Switzerland 14,160 10,579<br />
33,432 31,561<br />
33
Change language