Annual Report - Sonova Holding AG

Notes to the Financial Statements
1. General
The financial statements of Phonak Holding AG are prepared in accordance with the principles of Swiss corporate law.
2. Disclosures required by Swiss corporate law
2.1 Sureties, guarantees and pledges given on behalf of third parties
1,000 CHF
Guarantees given to banks in respect of credit arrangements
of foreign subsidiary companies
Guarantees given in respect of rental obligations
and bank debts of Group companies
2.2 Conditional and authorized capital
1,000 CHF
Conditional capital at year-end
Authorized capital at year-end
During the Annual General Shareholder’s Meeting on July 7, 2005 the conditional share capital of CHF 264,270 (5,285,400 shares)
has been increased by CHF 165,056 (3,301,120 shares) to CHF 429,326 (8,586,520 shares). As of March 31, 2006, 8,247,995 (previous
year 5,285,400) shares thereof have not yet been issued. These shares are reserved for use in the key employees share option plans
(Key People Program and Executive Equity Award Plan).
The Annual General Shareholders’ Meeting held on July 7, 2005, approved the creation of authorized share capital of 3,301,120
registered shares with a par value of CHF 0.05 per share. The Board of Directors is authorized to exclude subscription rights of shareholders
and to allocate them to third parties if the new shares are to be used for the acquisition of companies, parts of companies,
equity stakes or the financing of such transactions. The authorized share capital of 3,301,120 registered shares created on July 7, 2005,
has not yet been used. The authorization granted to the Board of Directors to augment the company’s share capital with the authorized
share capital created expires on July 6, 2007.
94 Financial Statements of Phonak Holding AG
31.3.2006
2,134
21,540
31.3.2006
412
165
31.3.2005
1,925
127,650
31.3.2005
264