3.5 Reserve for treasury sharesA reserve for treasury shares in the amount of CHF 2,182,937 (previous year CHF 319,368) was established which is equal to the costprice (see Note 3.1). The increase in the amount of CHF 1,863,569 was debited to retained earnings.3.6 Summary of changes in shareholders’ equitySharecapitalGenerallegalreserveFreereserveTreasury sharereserveRetainedearningsTotalshareholders’equity1,000 CHFBalance April 1, <strong>2005</strong>Dividend paidCapital increases (incl. share premium)from conditional capitalIncrease in reserve for treasury sharesNet profit for the yearBalance March 31, 20<strong>06</strong>3,301173,318142,8186,430149,24898,00098,0003191,8642,18347,558(19,840)(1,864)45,27471,128291,996(19,840)6,44745,274323,877During the financial year <strong>2005</strong>/<strong>06</strong>, an additional 338,525 registered shares with a par value of CHF 0.05 each, or a total par value ofCHF 16,926 were issued from the conditional capital (which was created for the purpose of an equity participation for key employeesof the Phonak Group) for a total net consideration of CHF 6,447,175. In the financial year <strong>2005</strong>/<strong>06</strong>, the conditional share capitalwith a par value of CHF 429,326 (8,586,520 shares) decreased by CHF 16,926 or 338,525 shares (previous year CHF 28,010 or 560,200shares), thereby leaving CHF 412,400 (8,247,995 shares) for distribution. Based on the remaining conditional capital, a total of1,842,693 (previous year 1,852,250) employee stock options were outstanding as of March 31, 20<strong>06</strong>, which can be exercised untilJanuary 2011.4. Notes to the income statement4.1 Investment incomeThis comprises dividends received from Group companies and other investments.4.2 TaxesThe tax expense consists of Swiss federal taxes on non-investment income (the company is exempt from income taxes in the cantonof Zurich).Financial Statements of Phonak Holding AG97
Appropriation of Available EarningsAs proposed by the Board of Directors to the <strong>Annual</strong> General Shareholders’ Meeting of July 6, 20<strong>06</strong>1,000 CHFCarried forward from previous yearRelease from/(allocation to) reserve for treasury sharesNet profit for the yearAvailable earningsDividend distributionBalance to be carried forward31.3.20<strong>06</strong>27,718(1,864)45,27471,128(33,163) 1)37,96531.3.<strong>2005</strong> 2)4,2333,64139,68447,558(19,840)27,7181)If the <strong>Annual</strong> General Shareholders’ Meeting approves the proposed appropriation of available earnings, a gross dividend of CHF 0.50 per registered share of CHF 0.05 will be paid out2)Approved by the <strong>Annual</strong> General Shareholders’ Meeting of July 7, <strong>2005</strong>98 Financial Statements of Phonak Holding AG
- Page 1 and 2:
Annual Report 2005/06Annual Report
- Page 3 and 4:
FIVE-YEAR KEY FIGURES(Consolidated)
- Page 5 and 6:
CHAIRMAN’S FOREWORDIn 2005/06, th
- Page 7:
Move with the melody
- Page 10 and 11:
digital entry-level product line, w
- Page 12 and 13:
MARKETSGeneral market developmentTh
- Page 15 and 16:
NEW TECHNOLOGIES AND PRODUCTSPlatfo
- Page 17 and 18:
OPERATIONS AND STAFFOperationsWithi
- Page 19:
Listen to life
- Page 22 and 23:
This report describes the principle
- Page 24 and 25:
Capital StructureChanges in capital
- Page 26 and 27:
Left to right: Robert F. Spoerry, D
- Page 28 and 29:
Andy Rihs (born in 1942) has been C
- Page 30 and 31:
Dr. Valentin Chapero Rueda (born in
- Page 32 and 33:
Share and option ownership of membe
- Page 34 and 35:
Highest total compensationThe highe
- Page 36 and 37:
Investor Relations CalendarJuly 6,
- Page 39 and 40:
SUSTAINABILITYPhonak’s management
- Page 41 and 42:
Our customers buy a better quality
- Page 43 and 44:
Corporate GovernancePhonak’s Boar
- Page 45:
Push your performance
- Page 49 and 50: Consolidated Income Statement1,000
- Page 51 and 52: Consolidated Statement of Cash Flow
- Page 53 and 54: Notes to the ConsolidatedFinancial
- Page 55 and 56: equity method, the investment in an
- Page 57 and 58: Short-term debtsShort-term debts co
- Page 59 and 60: Employee benefit plansPhonak has va
- Page 61 and 62: 5. Segment informationProfit or los
- Page 63 and 64: 6. Consolidated Income Statement by
- Page 65 and 66: 9. Financial income/(expenses), net
- Page 67 and 68: 11. Earnings per shareBasic earning
- Page 69 and 70: 17. Inventories1,000 CHFRaw materia
- Page 71 and 72: 19. Investments in associates and j
- Page 73 and 74: GoodwillSoftwareIntangiblesrelating
- Page 75 and 76: Among various other items, other pr
- Page 77 and 78: 27. Other long-term liabilities1,00
- Page 79 and 80: 29. Acquisition of subsidiariesDuri
- Page 81 and 82: 30. Related-party transactionsManag
- Page 83 and 84: The amount recognized in the consol
- Page 85 and 86: Summary of outstanding and exercisa
- Page 87 and 88: 35. Number of employeesAt March 31,
- Page 89 and 90: 38. List of significant consolidate
- Page 91: Cherish the cheers
- Page 95 and 96: Income Statement1,000 CHFIncomeMana
- Page 97 and 98: Notes to the Financial Statements1.
- Page 99: 3.4 List of significant investments
- Page 103: Launch a laugh
- Page 106 and 107: Phonak ABHornsbruksgatan 28SE-117 3
- Page 108 and 109: ImpressumConceptLithographyPrinting
Change language