Annual Report 2005/06 THE WORLD OF SOUND - Sonova
Annual Report 2005/06 THE WORLD OF SOUND - Sonova Annual Report 2005/06 THE WORLD OF SOUND - Sonova
Share and option ownership of members of the Board ofDirectors and the Management BoardAs of March 31, 2006, the members of the Board of Directorsheld directly and indirectly 7,264,296 shares (10.9% of total sharecapital) and 213,000 options.The following table shows the share and option ownershipof the individual members of the Board of Directors as of March31, 2006.Member of the Board of Directors Number of shares Number of optionsAndy Rihs 7,239,100 36,000William D. Dearstyne 10 36,000Dr. h.c. Daniel Borel 1 36,000Heliane Canepa 15,010 33,000Dr. Michael Jacobi 175 36,000Robert F. Spoerry 10,000 36,000Total 7,264,296 213,000As of March 31, 2006, the members of the ManagementBoard held directly and indirectly 9,389 shares and 607,000options.OptionsAs of March 31, 2006, the members of the Board of Directors(all non-executive) and the Management Board held 820,000options on Phonak stock. Each option has a share subscriptionratio of 1:1 (see table on page 30).The options granted to all employees of the Group (incl.Board of Directors) in 2005/06 (420,818 options) had a value ofapproximately CHF 4.1 million over the term of the options,as calculated using a binomial option pricing model. The valueof options granted is booked to the income statement. Forfurther details, we refer to Note 32 on page 80 of the ConsolidatedFinancial Statements within this report.Corporate Governance29
Options granted to the Board of DirectorsOptions granted/outstandingYear Total of which Strikegranted outstanding price (CHF)2003/04 84,000 84,000 28.002004/05 72,000 69,000 39.002005/06 72,000 72,000 63.25Total 228,000 225,000Blocking and exercise periodsBlocking Exercise Number ofperiod period options01.02.04 – 31.01.07 01.02.07 – 31.01.09 84,00001.02.05 – 31.01.06 01.02.06 – 31.01.10 15,00001.02.05 – 31.01.07 01.02.07 – 31.01.10 18,00001.02.05 – 31.01.08 01.02.08 – 31.01.10 18,00001.02.05 – 31.01.09 01.02.09 – 31.01.10 18,00001.02.06 – 31.01.07 01.02.07 – 31.01.11 18,00001.02.06 – 31.01.08 01.02.08 – 31.01.11 18,00001.02.06 – 31.01.09 01.02.09 – 31.01.11 18,00001.02.06 – 31.01.10 01.02.10 – 31.01.11 18,000225,000Options granted to the Management BoardOptions granted/outstandingYear Total of which Strikegranted outstanding price (CHF)2003/04 87,000 87,000 28.002004/05 500,000 480,000 39.002005/06 80,000 80,000 63.25Total 667,000 647,000Blocking and exercise periodsBlocking Exercise Number ofperiod period options01.02.04 – 31.01.07 01.02.07 – 31.01.09 87,00001.02.05 – 31.01.06 01.02.06 – 31.01.10 5,00001.02.05 – 31.01.07 01.02.07 – 31.01.10 25,00001.02.05 – 31.01.08 01.02.08 – 31.01.10 25,00001.02.05 – 31.01.09 01.02.09 – 31.01.10 25,00001.02.05 – 30.09.06 01.10.06 – 30.09.10 100,00001.02.05 – 30.09.07 01.10.07 – 30.09.10 100,00001.02.05 – 30.09.08 01.10.08 – 30.09.10 100,00001.02.05 – 30.09.09 01.10.09 – 30.09.10 100,00001.02.06 – 31.01.07 01.02.07 – 31.01.11 20,00001.02.06 – 31.01.08 01.02.08 – 31.01.11 20,00001.02.06 – 31.01.09 01.02.09 – 31.01.11 20,00001.02.06 – 31.01.10 01.02.10 – 31.01.11 20,000647,00030 Corporate Governance
- 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 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
Options granted to the Board of DirectorsOptions granted/outstandingYear Total of which Strikegranted outstanding price (CHF)2003/04 84,000 84,000 28.002004/05 72,000 69,000 39.00<strong>2005</strong>/<strong>06</strong> 72,000 72,000 63.25Total 228,000 225,000Blocking and exercise periodsBlocking Exercise Number ofperiod period options01.02.04 – 31.01.07 01.02.07 – 31.01.09 84,00001.02.05 – 31.01.<strong>06</strong> 01.02.<strong>06</strong> – 31.01.10 15,00001.02.05 – 31.01.07 01.02.07 – 31.01.10 18,00001.02.05 – 31.01.08 01.02.08 – 31.01.10 18,00001.02.05 – 31.01.09 01.02.09 – 31.01.10 18,00001.02.<strong>06</strong> – 31.01.07 01.02.07 – 31.01.11 18,00001.02.<strong>06</strong> – 31.01.08 01.02.08 – 31.01.11 18,00001.02.<strong>06</strong> – 31.01.09 01.02.09 – 31.01.11 18,00001.02.<strong>06</strong> – 31.01.10 01.02.10 – 31.01.11 18,000225,000Options granted to the Management BoardOptions granted/outstandingYear Total of which Strikegranted outstanding price (CHF)2003/04 87,000 87,000 28.002004/05 500,000 480,000 39.00<strong>2005</strong>/<strong>06</strong> 80,000 80,000 63.25Total 667,000 647,000Blocking and exercise periodsBlocking Exercise Number ofperiod period options01.02.04 – 31.01.07 01.02.07 – 31.01.09 87,00001.02.05 – 31.01.<strong>06</strong> 01.02.<strong>06</strong> – 31.01.10 5,00001.02.05 – 31.01.07 01.02.07 – 31.01.10 25,00001.02.05 – 31.01.08 01.02.08 – 31.01.10 25,00001.02.05 – 31.01.09 01.02.09 – 31.01.10 25,00001.02.05 – 30.09.<strong>06</strong> 01.10.<strong>06</strong> – 30.09.10 100,00001.02.05 – 30.09.07 01.10.07 – 30.09.10 100,00001.02.05 – 30.09.08 01.10.08 – 30.09.10 100,00001.02.05 – 30.09.09 01.10.09 – 30.09.10 100,00001.02.<strong>06</strong> – 31.01.07 01.02.07 – 31.01.11 20,00001.02.<strong>06</strong> – 31.01.08 01.02.08 – 31.01.11 20,00001.02.<strong>06</strong> – 31.01.09 01.02.09 – 31.01.11 20,00001.02.<strong>06</strong> – 31.01.10 01.02.10 – 31.01.11 20,00<strong>06</strong>47,00030 Corporate Governance
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