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Balance sheet<br />
Solid balance sheet further strengthened after spin-off<br />
CHF million<br />
Total assets<br />
Non-current assets<br />
Net working capital<br />
Liquid funds<br />
Net liquidity<br />
Short-term financial debt<br />
Long-term financial debt<br />
Shareholders’ equity<br />
in % of total assets<br />
<strong>Half</strong> year results July <strong>2011</strong><br />
30.06.<br />
<strong>2011</strong><br />
1‘135.5<br />
301.2<br />
65.6<br />
428.5<br />
149.8<br />
6.0<br />
272.7<br />
360.4<br />
32%<br />
31.12.<br />
2010<br />
1‘969.1<br />
802.2<br />
89.7<br />
359.0<br />
-3.5<br />
66.2<br />
296.3<br />
627.6<br />
32%<br />
30.06.<br />
2010<br />
1‘938.6<br />
833.3<br />
69.3<br />
343.4<br />
-18.0<br />
71.7<br />
289.7<br />
632.6<br />
33%<br />
• HY1 <strong>2011</strong> balance sheet after spin-off<br />
of automotive business (Autoneum),<br />
2010 figures are prior to spin-off<br />
• Net liquidity of 149.8 million CHF<br />
positively impacted by strong free cash<br />
flow of 63.3 million CHF<br />
• Shareholders‘ equity ratio at 32%<br />
• Bond of 250 million CHF (2015, 4.5%)<br />
secures financing of business<br />
development<br />
18
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