Annual Report - Sonova Holding AG

36. Events after the balance sheet date
On April 1, 2006 the Group acquired 100% of National Hearing Services Inc., Canada. The company acquired is engaged in the business
of providing hearing health solutions to retail customers.
The expected cash outflow for this transaction amounts to CHF 33.7 million and is made up of a fixed (CHF 26.4 million) and
variable purchase price (CHF 7.3 million). In the financial year 2005/06, the company acquired reported sales of approximately
CHF 19.7 million.
In addition, at the beginning of May 2006, the Group acquired two smaller companies engaged in the business of selling hearing
instruments. The expected cash outflow for these two transactions amounts to CHF 26.2 million (CHF 14.1 million fixed purchase
price and CHF 12.1 million variable purchase price). In the calendar year 2005, the companies acquired reported sales of approximately
CHF 18.3 million.
37. Exchange rates
The following are the exchange rates used for currency translation:
AUD 1
BRL 1
CAD 1
CNY 1
DKK 100
EUR 1
GBP 1
JOD 1
JPY 100
NOK 100
NZD 1
PLN 1
SEK 100
USD 1
31.3.2006
0.93
0.59
1.12
0.16
21.12
1.58
2.27
1.85
1.11
19.69
0.80
0.40
16.72
1.31
Year-end rates
Balance sheet
31.3.2005
0.93
n/a
0.99
0.14
20.85
1.55
2.25
1.63
1.12
18.95
0.85
n/a
17.00
1.20
Average rates for the year
Income statement
2005/06
0.96
0.59
1.07
0.16
20.79
1.55
2.27
1.80
1.13
19.48
0.88
0.40
16.58
1.27
2004/05
0.91
n/a
0.96
0.15
20.70
1.54
2.26
1.72
1.14
18.60
0.82
n/a
16.91
1.23
Consolidated Financial Statements
85