Annual Report 2010/11 - Sonova
Annual Report 2010/11 - Sonova Annual Report 2010/11 - Sonova
146 36. list of significant consolidated companies Company name Activity Domicile Share capital local currency 1,000 Switzerland Sonova Holding AG A Stäfa CHF 3,326 Shares held Phonak AG A, B, C, D Stäfa CHF 2,500 99.3% Phonak Acoustic Implants SA D lonay CHF 1,000 100% Phonak Communications AG B, C, D Murten CHF 500 100% Phonak Hearing Systems AG B Stäfa CHF 100 100% Advanced Bionics AG A Zug CHF 4,350 100% Indomed AG A Zug CHF 1,000 100% Indomed Hearing Systems GmbH B Stäfa CHF 20 100% Sona Hearing AG B Stäfa CHF 100 100% Verve Hearing Systems AG B Stäfa CHF 100 100% EMEA (excluding Switzerland) Hansaton Akustische Geräte GmbH B Wals-Himmelreich (AT) EUR 450 100% Advanced Bionics NV B, D Brussels (BE) EUR 62 100% Phonak Belgium NV A, B Dilbeek (BE) EUR 15,311 100% Ets. lapperre BHAC NV B Groot-Bijgaarden (BE) EUR 124 100% HIMSA A/S B Copenhagen (DK) DKK 1,000 25% 1) Phonak Danmark A/S B Frederiksberg (DK) DKK 11,075 100% Advanced Bionics Sarl B Mulhouse (FR) EUR 12,000 100% Phonak France SA B Bron-lyon (FR) EUR 305 100% Advanced Bionics GmbH B, D Hanover (DE) EUR 51 100% Phonak GmbH B Fellbach-Oeffingen (DE) EUR 25 100% Unitron Hearing GmbH B Fellbach-Oeffingen (DE) EUR 41 100% Phonarium Szolgáltató Kft. B Budapest (HU) HUF 5,000 49% 1) Advanced Bionics Srl B Milan (IT) EUR 10 100% Phonak Italia Srl B Milan (IT) EUR 1,040 100% TRE S.A. A luxembourg (lU) EUR 31 100% Phonak B.V. B Vianen (Nl) EUR 227 100% Unitron Hearing B.V. B Vianen (Nl) EUR 18 100% Phonak AS B Oslo (NO) NOK 900 100% Phonak Polska Sp. Z o.o. B Warsaw (Pl) PlN 100 100% Phonak CIS ltd. B Moscow (RU) RUB 4,000 100% Advanced Bionics Spain, Srl B Alicante (ES) EUR 3 100% Phonak Ibérica S.A.U. B Alicante (ES) EUR 7,000 100% Phonak AB B Stockholm (SE) SEK 200 100% Unitron Hearing AB B Stockholm (SE) SEK 100 100% Advanced Bionics Isitme Cihazlari Ticareti ltd Sti B Istanbul (TR) TRY 600 100% Phonak Duyu Sistemleri Ithalat Ihracat Ticaret Pazarlama limited Sirketi B Istanbul (TR) TRY 655 100% Advanced Bionics UK ltd. B Cambridge (UK) GBP 0 2) 100% Phonak Group ltd. B Warrington (UK) GBP 2,500 100% lukatit Investments 14 (Pty) ltd. B Fourways North (ZA) ZAR 0 3) 100%
CONSOlIDATED FINANCIAl STATEMENTS 147 Company name Activity Domicile Share capital local currency 1,000 Americas Shares held Phonak do Brasil – Sistemas Audiológicos ltda. B São Paulo (BR) BRl 570 100% National Hearing Services Inc. B Victoria BC (CA) CAD 7,500 100% Phonak Canada ltd. B Mississauga (CA) CAD 88,694 100% Unitron Hearing ltd. B, C, D Kitchener (CA) CAD 17,436 100% Unitron Hearing Colombia ltd. B Bogotá (CO) USD 100 100% Advanced Bionics Mexico S.A. de C.V. B México D.F. (MX) MXN 50 100% Bionic Services Mexico S.A. de C.V. B México D.F. (MX) MXN 50 100% Connect Hearing Mexico S.A. de C.V B México D.F. (MX) MXN 10,100 100% Phonak Mexicana S.A. de C.V. B México D.F. (MX) MXN 50 100% Advanced Bionics llC B, C, D Valencia (US) USD 143,937 100% HearingPlanet, Inc. B Nashville (US) USD 23 100% InSound Medical, Inc. B, C, D Newark (US) USD 0 4) 100% Newport Health Network, Inc. B Greenwood Village (US) USD 610 100% Phonak llC B Warrenville (US) USD 1,250 100% Sona Hearing llC B Napperville (US) USD 0 5) 100% Unitron Hearing, Inc. B Plymouth (US) USD 46,608 100% Asia/Pacific Advanced Bionics Australia Pty. ltd. B Baulkham Hills (AU) AUD 1 100% Hearing Retail Group Pty. ltd. B Sydney (AU) AUD 0 6) 100% Phonak Pty. ltd. B Baulkham Hills (AU) AUD 750 100% Phonak (Shanghai) Co., ltd. B Shanghai (CN) CNY 20,041 100% Sichuan i-hear Co., ltd. B Sichuan (CN) CNY 19,119 100% Unitron Hearing (Suzhou) Co., ltd. C Suzhou (CN) CNY 46,249 100% Advanced Bionics Asia Pacific ltd. B Hong Kong (HK) HKD 10 100% Phonak India Pvt. ltd. B Navi Mumbai (IN) INR 100 100% Unitron Hearing India Private limited B Mumbai (IN) INR 2,118 100% Nihon Bionics Co., ltd. B Tokyo (JP) JPY 35,000 100% Phonak Japan Co., ltd. B Tokyo (JP) JPY 10,000 100% Advanced Bionics Korea ltd. B Seoul (KR) KRW 50,000 100% Phonak Korea ltd. B Seoul (KR) KRW 50,000 100% Unitron Hearing Korea Co., ltd. B Seoul (KR) KRW 200,000 37.5% 1) Phonak New Zealand ltd. B Auckland (NZ) NZD 250 100% Phonak Singapore Pte ltd. B Singapore (SG) SGD 250 100% Phonak Taiwan Pte ltd. B Taipei (TW) TWD 3,100 100% Phonak Operation Center Vietnam Co., ltd. C Binh Duong (VN) VND 36,156,000 100% Activities: A Holding/Finance: the entity is a holding or finance company. B Sales: the entity performs sales and marketing activities. C Production: this entity performs manufacturing for the Group. D Research: this entity performs research and development activities for the Group. 1) Accounted for using the equity method. 2) GBP 100 3) ZAR 400 4) uSD 10 5) uSD 1 6) AuD 100
- Page 100 and 101: 96 NoTeS To THe CoNSoLIdATed FINANC
- Page 102 and 103: 98 INveSTMeNTS IN JoINT veNTuReS In
- Page 104 and 105: 100 LeASING Assets that are held un
- Page 106 and 107: 102 SeGMeNT RePoRTING operating seg
- Page 108 and 109: 104 3.5 derivative financial instru
- Page 110 and 111: 106 3.7 Restatement of prior year
- Page 112 and 113: 108 Consolidated Changes in Equity
- Page 114 and 115: 110 5. segment information segment
- Page 116 and 117: 112 6. other expenses, net 1,000 ch
- Page 118 and 119: 114 Deferred tax assets and (liabil
- Page 120 and 121: 116 11. cash and cash equivalents 1
- Page 122 and 123: 118 14. other receivables and prepa
- Page 124 and 125: 120 the increase in property, plant
- Page 126 and 127: 122 1,000 cHf 31.3.2010 Cost Goodwi
- Page 128 and 129: 124 20. Provisions 1,000 cHf 31.3.2
- Page 130 and 131: 126 23. non-current financial liabi
- Page 132 and 133: 128 foreign currency sensitivity an
- Page 134 and 135: 130 the following table summarizes
- Page 136 and 137: 132 caPital RisK manaGement it is t
- Page 138 and 139: 134 the annual General shareholders
- Page 140 and 141: 136 28. Related party transactions
- Page 142 and 143: 138 Amounts recognized in the incom
- Page 144 and 145: 140 30. Employee share option and s
- Page 146 and 147: 142 The fair value of options/warra
- Page 148 and 149: 144 Changes in outstanding shares/R
- Page 152 and 153: 148 REPORT OF THE STATuTORY AuDITOR
- Page 154 and 155: 150 Income Statements 1,000 CHF Not
- Page 156 and 157: 152 NOTES TO THE FINANCIAL STATEmEN
- Page 158 and 159: 154 Executive Equity Award Plan The
- Page 160 and 161: 156 Compensation to the management
- Page 162 and 163: 158 The following table shows the d
- Page 164 and 165: 160 Warrants EEAP 10 2) Warrants/ o
- Page 166 and 167: 162 Company name Activity Domicile
- Page 168 and 169: 164 Appropriation of Available Earn
- Page 170 and 171: 166 REPORT OF THE STATUTORy AUDITOR
- Page 173 and 174: Disclaimer This report contains for
CONSOlIDATED FINANCIAl STATEMENTS 147<br />
Company name Activity Domicile Share capital<br />
local currency 1,000<br />
Americas<br />
Shares held<br />
Phonak do Brasil – Sistemas Audiológicos ltda. B São Paulo (BR) BRl 570 100%<br />
National Hearing Services Inc. B Victoria BC (CA) CAD 7,500 100%<br />
Phonak Canada ltd. B Mississauga (CA) CAD 88,694 100%<br />
Unitron Hearing ltd. B, C, D Kitchener (CA) CAD 17,436 100%<br />
Unitron Hearing Colombia ltd. B Bogotá (CO) USD 100 100%<br />
Advanced Bionics Mexico S.A. de C.V. B México D.F. (MX) MXN 50 100%<br />
Bionic Services Mexico S.A. de C.V. B México D.F. (MX) MXN 50 100%<br />
Connect Hearing Mexico S.A. de C.V B México D.F. (MX) MXN 10,100 100%<br />
Phonak Mexicana S.A. de C.V. B México D.F. (MX) MXN 50 100%<br />
Advanced Bionics llC B, C, D Valencia (US) USD 143,937 100%<br />
HearingPlanet, Inc. B Nashville (US) USD 23 100%<br />
InSound Medical, Inc. B, C, D Newark (US) USD 0 4) 100%<br />
Newport Health Network, Inc. B Greenwood Village (US) USD 610 100%<br />
Phonak llC B Warrenville (US) USD 1,250 100%<br />
Sona Hearing llC B Napperville (US) USD 0 5) 100%<br />
Unitron Hearing, Inc. B Plymouth (US) USD 46,608 100%<br />
Asia/Pacific<br />
Advanced Bionics Australia Pty. ltd. B Baulkham Hills (AU) AUD 1 100%<br />
Hearing Retail Group Pty. ltd. B Sydney (AU) AUD 0 6) 100%<br />
Phonak Pty. ltd. B Baulkham Hills (AU) AUD 750 100%<br />
Phonak (Shanghai) Co., ltd. B Shanghai (CN) CNY 20,041 100%<br />
Sichuan i-hear Co., ltd. B Sichuan (CN) CNY 19,<strong>11</strong>9 100%<br />
Unitron Hearing (Suzhou) Co., ltd. C Suzhou (CN) CNY 46,249 100%<br />
Advanced Bionics Asia Pacific ltd. B Hong Kong (HK) HKD 10 100%<br />
Phonak India Pvt. ltd. B Navi Mumbai (IN) INR 100 100%<br />
Unitron Hearing India Private limited B Mumbai (IN) INR 2,<strong>11</strong>8 100%<br />
Nihon Bionics Co., ltd. B Tokyo (JP) JPY 35,000 100%<br />
Phonak Japan Co., ltd. B Tokyo (JP) JPY 10,000 100%<br />
Advanced Bionics Korea ltd. B Seoul (KR) KRW 50,000 100%<br />
Phonak Korea ltd. B Seoul (KR) KRW 50,000 100%<br />
Unitron Hearing Korea Co., ltd. B Seoul (KR) KRW 200,000 37.5% 1)<br />
Phonak New Zealand ltd. B Auckland (NZ) NZD 250 100%<br />
Phonak Singapore Pte ltd. B Singapore (SG) SGD 250 100%<br />
Phonak Taiwan Pte ltd. B Taipei (TW) TWD 3,100 100%<br />
Phonak Operation Center Vietnam Co., ltd. C Binh Duong (VN) VND 36,156,000 100%<br />
Activities:<br />
A Holding/Finance: the entity is a holding or finance company.<br />
B Sales: the entity performs sales and marketing activities.<br />
C Production: this entity performs manufacturing for the Group.<br />
D Research: this entity performs research and development activities for the Group.<br />
1) Accounted for using the equity method.<br />
2) GBP 100<br />
3) ZAR 400<br />
4) uSD 10<br />
5) uSD 1<br />
6) AuD 100
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