Annual Report - Sonova Holding AG
Annual Report - Sonova Holding AG Annual Report - Sonova Holding AG
14. Financial assets at fair value through profit or loss 1,000 CHF Marketable securities Positive replacement value of forward foreign exchange contracts Financial assets at fair value through profit or loss For details of forward foreign exchange contracts refer to Note 7. 15. Trade receivables 1,000 CHF Accounts receivable Provision for doubtful accounts Total 31.3.2006 12,055 707 12,762 31.3.2006 202,959 (8,629) 194,330 31.3.2005 11,411 990 12,401 31.3.2005 147,495 (8,298) 139,197 As usual in this industry, the Phonak Group has a large number of customers and there is no significant concentration of credit risk. During the financial year 2005/06 the Group has recognized a provision of CHF 1.1 million (previous year CHF 2.1 million) for the impairment of accounts receivable. During 2005/06 the Group has used provision for impaired receivables of CHF 0.8 million (previous year CHF 0.9 million). The recognition and usage of provision have been included in “other (expenses)/income, net” in the income statement. 16. Other receivables and prepaid expenses 1,000 CHF Other receivables Prepaid expenses Total 31.3.2006 26,226 19,316 45,542 The largest individual items included in other receivables are recoverable value added taxes and advances to suppliers. 31.3.2005 11,832 8,140 19,972 Consolidated Financial Statements 65
17. Inventories 1,000 CHF Raw materials and components Work-in-process Finished products (incl. purchased goods) Allowances Total Allowances include write downs for slow moving, phase out and obsolete stock. The amount of inventories recognized as an expense included in cost of sales amounted to CHF 228.2 million during the financial year 2005/06 (previous year CHF 196.9 million). 18. Tangible assets 1,000 CHF Cost Balance April 1 Changes through business combinations Additions Disposals Exchange differences Balance March 31 Accumulated Depreciation Balance April 1 Changes through business combinations Additions Disposals Exchange differences Balance March 31 Net book value Balance April 1 Balance March 31 66 Consolidated Financial Statements Land 10,166 (1,033) 127 9,260 194 3 197 9,972 9,063 Buildings 80,461 312 419 (1,847) (590) 78,755 25,873 2,850 (1,440) (492) 26,791 54,588 51,964 Total Land & Buildings 90,627 312 419 (2,880) (463) 88,015 26,067 2,850 (1,440) (489) 26,988 64,560 61,027 31.3.2006 16,576 38,607 65,780 (26,719) 94,244 Plant & Equipment 153,370 2,368 22,072 (15,689) 4,448 166,569 102,539 19,503 (13,558) 1,857 110,341 50,831 56,228 31.3.2005 41,103 30,151 35,689 (20,393) 86,550 Total tangible assets 31.3.2006 243,997 2,680 22,491 (18,569) 3,985 254,584 128,606 22,353 (14,998) 1,368 137,329 115,391 117,255
- Page 17 and 18: OPERATIONS AND STAFF Operations Wit
- Page 19: Listen to life
- Page 22 and 23: This report describes the principle
- Page 24 and 25: Capital Structure Changes in capita
- Page 26 and 27: Left to right: Robert F. Spoerry, D
- Page 28 and 29: Andy Rihs (born in 1942) has been C
- Page 30 and 31: Dr. Valentin Chapero Rueda (born in
- Page 32 and 33: Share and option ownership of membe
- Page 34 and 35: Highest total compensation The high
- Page 36 and 37: Investor Relations Calendar July 6,
- Page 39 and 40: SUSTAINABILITY Phonak’s managemen
- Page 41 and 42: Our customers buy a better quality
- Page 43 and 44: Corporate Governance Phonak’s Boa
- Page 45: Push your performance
- Page 49 and 50: Consolidated Income Statement 1,000
- Page 51 and 52: Consolidated Statement of Cash Flow
- Page 53 and 54: Notes to the Consolidated Financial
- Page 55 and 56: equity method, the investment in an
- Page 57 and 58: Short-term debts Short-term debts c
- Page 59 and 60: Employee benefit plans Phonak has v
- Page 61 and 62: 5. Segment information Profit or lo
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- Page 77 and 78: 27. Other long-term liabilities 1,0
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- Page 81 and 82: 30. Related-party transactions 1,00
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- Page 87 and 88: 35. Number of employees At March 31
- Page 89 and 90: 38. List of significant consolidate
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- Page 95 and 96: Income Statement 1,000 CHF Income M
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- Page 106 and 107: Phonak AB Hornsbruksgatan 28 SE-117
- Page 108 and 109: Impressum Concept Althaus & Weil AG
14. Financial assets at fair value through profit or loss<br />
1,000 CHF<br />
Marketable securities<br />
Positive replacement value of forward foreign exchange contracts<br />
Financial assets at fair value through profit or loss<br />
For details of forward foreign exchange contracts refer to Note 7.<br />
15. Trade receivables<br />
1,000 CHF<br />
Accounts receivable<br />
Provision for doubtful accounts<br />
Total<br />
31.3.2006<br />
12,055<br />
707<br />
12,762<br />
31.3.2006<br />
202,959<br />
(8,629)<br />
194,330<br />
31.3.2005<br />
11,411<br />
990<br />
12,401<br />
31.3.2005<br />
147,495<br />
(8,298)<br />
139,197<br />
As usual in this industry, the Phonak Group has a large number of customers and there is no significant concentration of credit risk.<br />
During the financial year 2005/06 the Group has recognized a provision of CHF 1.1 million (previous year CHF 2.1 million) for the<br />
impairment of accounts receivable. During 2005/06 the Group has used provision for impaired receivables of CHF 0.8 million<br />
(previous year CHF 0.9 million). The recognition and usage of provision have been included in “other (expenses)/income, net” in the<br />
income statement.<br />
16. Other receivables and prepaid expenses<br />
1,000 CHF<br />
Other receivables<br />
Prepaid expenses<br />
Total<br />
31.3.2006<br />
26,226<br />
19,316<br />
45,542<br />
The largest individual items included in other receivables are recoverable value added taxes and advances to suppliers.<br />
31.3.2005<br />
11,832<br />
8,140<br />
19,972<br />
Consolidated Financial Statements<br />
65
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