Annual Report 2010/11 - Sonova

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NOTES TO THE FINANCIAL STATEmENTS
AS OF mARCH 31, 2011
1. General
The financial statements of Sonova 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 31.3.2011 31.3.2010
Guarantees given in respect of rental obligations of Group companies 8,167 11,702
2.2 Conditional and authorized capital
1,000 CHF 31.3.2011 31.3.2010
Conditional capital at year-end 299 320
Authorized capital at year-end 166 166
At 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, 2011,
5,981,027 shares (previous year 6,404,675 shares) thereof have not yet been issued. These shares are reserved for longterm
incentive plans.
The Annual General Shareholders’ meeting held on June 10, 2009, approved the creation of authorized share capital of
3,311,520 registered shares with a par value of CHF 0.05 per share. The Board of Directors determines the issue price,
type of capital contribution, the terms for the subscription rights, and the date of qualification for dividend. Unexercised
subscription rights are at the disposal of the Board of Directors and to be used in the best interest of the company. 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, part of companies, equity stakes or the financing of such
transactions. The authorized share capital of 3,311,520 registered shares created on June 10, 2009, 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 expires on June 9, 2011.