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
25. MortgagesShort-termLong-termTotalMortgagesShort-termLong-termTotalMortgages1,000 CHFAnalysis by currencySwiss FrancsEuroDanish CrownsTotalOf which maturing beyond 5 years12,1001312212,25337737731.3.200612,10013139912,6302626,900247397,18612,10010436712,57131.3.200519,00035140619,7577,984The above-mentioned mortgages are all secured by liens on the related real estate. Principal amounts bear interest at the followingrates per annum: CHF 12.1 million at 2.8% and the remainder at 3.4% to 5.3%. Of the CHF mortgage, CHF 5.8 million were prematurelyrepaid in April 2005 and a further CHF 1.1 million were repaid in August 2005. The remaining amount of CHF 12.1 millionwill be repaid in August 2006.The fair value of the mortgages approximates to book value.26. Other long-term debts1,000 CHFBank loansOther long-term debtsTotal31.3.2006989831.3.200547,0007847,078Analysis by currencySwiss FrancsEuroOther currenciesTotalOf which maturing beyond 5 years2969847,000542447,078284At March 31, 2005, the long-term debts denominated in Swiss Francs related to bank loans obtained to finance the purchase of theUnitron and Hansaton subsidiaries. These loans were repaid in June and December 2005.The carrying amounts of bank loans and other long-term debts approximate to fair value.Consolidated Financial Statements73
27. Other long-term liabilities1,000 CHFLong-term deferred incomeRetirement benefit obligationsTotal31.3.20067,4651,2458,71031.3.20053,8641,2735,137Long-term deferred income relates to long-term service contracts with customers. Deferred income is recognized as a sale over theperiod of the service contract.The retirement benefit obligation relates to defined benefit plans. For details refer to Note 31.28. Movements in share capitalIssued sharesIssued sharesTreasury shares 2)Outstandingshares(each share has a nominal value of CHF 0.05)Balance April 1, 2003Issue of new shares from conditional capital 1)Sale of treasury sharesBalance March 31, 2004Issue of new shares from conditional capital 1)Purchase of treasury sharesSale of treasury sharesBalance March 31, 2005Issue of new shares from conditional capital 1)Purchase of treasury sharesSale of treasury sharesBalance March 31, 200665,372,20090,00065,462,200560,20066,022,400338,52566,360,925(330,610)188,898(141,712)(7,700)141,712(7,700)(282,813)255,880(34,633)65,041,59090,000188,89865,320,488560,200(7,700)141,71266,014,700338,525(282,813)255,88066,326,2921)Created for purpose of the employee share option plan2)Treasury shares are purchased on the open market and are not entitled to dividends. As per March 31, 2006, all treasury shares were at the company’s disposal74 Consolidated Financial Statements
- 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: Among various other items, other pr
- 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,
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- Page 91: Cherish the cheers
- Page 95 and 96: Income Statement1,000 CHFIncomeMana
- Page 97 and 98: Notes to the Financial Statements1.
- Page 99 and 100: 3.4 List of significant investments
- Page 101 and 102: Appropriation of Available Earnings
- Page 103: Launch a laugh
- Page 106 and 107: Phonak ABHornsbruksgatan 28SE-117 3
- Page 108 and 109: ImpressumConceptLithographyPrinting
25. MortgagesShort-termLong-termTotalMortgagesShort-termLong-termTotalMortgages1,000 CHFAnalysis by currencySwiss FrancsEuroDanish CrownsTotalOf which maturing beyond 5 years12,1001312212,25337737731.3.20<strong>06</strong>12,10013139912,6302626,900247397,18612,10010436712,57131.3.<strong>2005</strong>19,0003514<strong>06</strong>19,7577,984The above-mentioned mortgages are all secured by liens on the related real estate. Principal amounts bear interest at the followingrates per annum: CHF 12.1 million at 2.8% and the remainder at 3.4% to 5.3%. Of the CHF mortgage, CHF 5.8 million were prematurelyrepaid in April <strong>2005</strong> and a further CHF 1.1 million were repaid in August <strong>2005</strong>. The remaining amount of CHF 12.1 millionwill be repaid in August 20<strong>06</strong>.The fair value of the mortgages approximates to book value.26. Other long-term debts1,000 CHFBank loansOther long-term debtsTotal31.3.20<strong>06</strong>989831.3.<strong>2005</strong>47,0007847,078Analysis by currencySwiss FrancsEuroOther currenciesTotalOf which maturing beyond 5 years2969847,000542447,078284At March 31, <strong>2005</strong>, the long-term debts denominated in Swiss Francs related to bank loans obtained to finance the purchase of theUnitron and Hansaton subsidiaries. These loans were repaid in June and December <strong>2005</strong>.The carrying amounts of bank loans and other long-term debts approximate to fair value.Consolidated Financial Statements73
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