Annual Report 2010/11 - Sonova

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“The system not only offers effective protection for the ears; it also allows workers to communicate safely with one another – this is very important to us.” Gotthard Tunnel construction project Strabag Switzerland The solution: hearing protection from Phonak (Serenity SPC)
worKinG – and communicating safely in tunnels A project of superlatives: at 57 kilometers long, the Gotthard Tunnel is the longest construction site in the world. The project, which in the future will allow travelers to get from Zurich to Milan in less than three hours, is scheduled to be completed by 2017. Strabag Switzerland received the contract to expand two 20-kilometer sections of the tunnel – a huge project involving a number of challenges and high safety requirements for workers. In particular, workers’ hearing has to be protected in the tunnel. The drilling often generates sound levels of around 100 decibels, which can permanently damage the ear. Strabag sought a solution that would effectively protect hearing while still allowing the team to communicate with each other and with their foreman. Their search led them to the professional hearing protection solutions from Phonak: the customized Serenity System has a special filter that enables workers to talk to each other without removing their hearing protection – eliminating any risk to their hearing, even when jackhammers are in use. The workers quickly got used to their new hearing protection, which they wear for up to eight hours a day – while drilling, making group decisions and even during short breaks in the tunnel. Safety Manager Daniel Schäublin has thus come one step closer to realizing his goal of ensuring that all employees complete the project with their hearing intact.
Page 1 and 2: THE HEARING CARE COMPANY All the So
Page 3 and 4: highLightS & Key figureS - New sale
Page 5 and 6: 02 Foreword 06 Sonova Group 16 Hear
Page 7 and 8: from 2002 to 2004 and subsequently
Page 9 and 10: eaKinG barrierS - with talent and t
Page 11 and 12: ON THE WAY TO BECOMING A GLOBAL HEA
Page 13 and 14: and a global distribution network e
Page 15 and 16: THE SONOVA GROUP No hearring loosss
Page 17 and 18: Better hearing for people with norm
Page 19 and 20: StraiGHt From real liFe - cowboy ha
Page 21 and 22: THE HEARING INSTRUMENT MARKET - CON
Page 23 and 24: THE PHONAK SPICE GENERATION - THE S
Page 25 and 26: WIDE RANGE OF HEARING INSTRUMENTS T
Page 27 and 28: LYRIC - THE “CONTACT LENS FOR THE
Page 29 and 30: Sonova is investing heavily in the
Page 31 and 32: Eight years later, Evelyn almost co
Page 33 and 34: THE HEARING IMPLANTS SEGMENT In the
Page 35 and 36: The considerable strategic importan
Page 37: ABOUT ADVANCED BIONICS Advanced Bio
Page 41 and 42: EMPLOYEES FOCUS ON PEOPLE One of th
Page 43 and 44: ISO 9001:2000 and 13485:2003 certif
Page 45 and 46: The key environmental data shown in
Page 47 and 48: ENVIRONMENTAL MANAGEMENT AT THE ST
Page 49 and 50: CAMBODIA - BETTER OPPORTUNITIES FOR
Page 51 and 52: Better hearing - better success at
Page 53 and 54: in critical moments. As a consequen
Page 55 and 56: CrOSS-SHArEHOLDInGS Sonova Holding
Page 57 and 58: BOArD Of DIrECTOrS The primary duty
Page 59 and 60: Andy rihs Co-founder, non-executive
Page 61 and 62: onald van der Vis non-executive mem
Page 63 and 64: AuDIT COMMITTEE The members of the
Page 65 and 66: Alexander Zschokke Interim CEO, GVP
Page 67 and 68: Dr Hans Leysieffer GVP research & D
Page 69 and 70: COmPenSatiOn and SharehOldingS - co
Page 71 and 72: The shares/rSus have a blocking per
Page 73 and 74: COMPEnSATIOn TO MEMBErS Of THE MAnA
Page 75 and 76: SHArEHOLDInGS Of MEMBErS Of THE BOA
Page 77 and 78: The following table shows the detai
Page 79 and 80: CHAnGES Of COnTrOL AnD DEfEnSE MEAS
Page 81 and 82: COMPEnSATIOn rEPOrT inveStOrS at SO
Page 83: develOPing SPeeCh CaPaBilitieS - mo
Page 86 and 87: 82 Financial Review - setting the c
Page 88 and 89:
84 SALES in CHF m EBITA in CHF m 1,
Page 90 and 91:
86 SUBSTANTIAl INVESTMENTS IN INNoV
Page 92 and 93:
88 AdVANCEd BIoNICS RESUMES SAlES I
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90 5 year key Figures (Consolidated
Page 96 and 97:
92 Consolidated Income Statements 1
Page 98 and 99:
94 Consolidated Cash Flow Statement
Page 100 and 101:
96 NoTeS To THe CoNSoLIdATed FINANC
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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
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110 5. segment information segment
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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
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118 14. other receivables and prepa
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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
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126 23. non-current financial liabi
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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
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134 the annual General shareholders
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136 28. Related party transactions
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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
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146 36. list of significant consoli
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148 REPORT OF THE STATuTORY AuDITOR
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150 Income Statements 1,000 CHF Not
Page 156 and 157:
152 NOTES TO THE FINANCIAL STATEmEN
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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
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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
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Annual Report 2010/11 - Sonova

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