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
The assets and liabilities arising from the above mentioned acquisitions are as follows:Fair value ofacquiredcompaniesTotalBook value ofacquiredcompaniesTotalFair value ofacquiredcompaniesTotal1,000 CHFAssetsCash and cash equivalentsTrade accounts receivableOther receivables and prepaid expensesInventoriesTangible assetsFinancial assetsDeferred tax assetsIntangible assetsTotal AssetsNotes1821CAS2,1127,8291662,90795099126,45221,337Metro1,79549844861,4137778,24512,858Others5086081061,0963172,7745,4092005/064,4158,9353164,0892,68091,68917,47139,6042005/064,41510,3481,3035,0122,826672,12926,1002004/0535811681,0002821,1912,757LiabilitiesTrade accounts payableIncome tax payableOther payables and accrued expensesShort-term provisionsLong-term debts/provisionsDeferred tax liabilitiesTotal Liabilities(2,551)(1,071)(1,964)(961)(1,456)(2,254)(10,257)(2,340)(1,511)(263)(4,672)(3,175)(11,961)(438)(612)(67)(32)(345)(1,494)(5,329)(1,071)(4,087)(1,291)(6,160)(5,774)(23,712)(5,800)(557)(1,934)(1,108)(4,672)(14,071)(182)(447)(34)(663)Net AssetsMinority interestNet Assets net of minority interest11,08011,0808978973,915(380)3,53515,892(380)15,51212,02912,0292,0942,094Goodwill21Purchase Price incl. acquisition-related costsFor which Phonak recorded a long-term provisionfor the earn-out or holdbackCash considerationCash and cash equivalents acquiredCash consideration, net of cash acquiredEarn-out payment in respect of prior-year acquisitionsCash flow for acquisitions14,73625,816(12,999)12,817(2,112)10,70510,70518,86519,762(1,826)17,936(1,795)16,14116,1414,5898,124(1,602)6,522(508)6,0146,01438,19053,702(16,427)37,275(4,415)32,86032,8602,094(336)1,758(35)1,7231,2783,001Cash outflow for investments in associatesand minority shareholdings7,913Total Cash outflow from acquisitions40,7733,001Consolidated Financial Statements77
30. Related-party transactionsManagementBoardBoard ofDirectorsTotal1,000 CHFShort-term employee benefitsTermination benefitsShare-based paymentsTotal2005/063,9339891,5376,4592004/054,0674184,4852005/065724611,0332004/056392368752005/064,5059891,9987,4922004/054,7066545,360The total compensation to the Management Board, as shown above, relates to six members, including one member who terminatedthe employment during the financial year 2005/06.Phonak AG has a sponsorship agreement with ARcycling Ltd. effective until December 31, 2006. The corresponding expenses includedin the consolidated income statement amount to CHF 3.8 million (previous year CHF 6.2 million).78 Consolidated Financial Statements
- 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
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- Page 61 and 62: 5. Segment informationProfit or los
- Page 63 and 64: 6. Consolidated Income Statement by
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- 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: 29. Acquisition of subsidiariesDuri
- 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
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30. Related-party transactionsManagementBoardBoard ofDirectorsTotal1,000 CHFShort-term employee benefitsTermination benefitsShare-based paymentsTotal<strong>2005</strong>/<strong>06</strong>3,9339891,5376,4592004/054,<strong>06</strong>74184,485<strong>2005</strong>/<strong>06</strong>5724611,0332004/05639236875<strong>2005</strong>/<strong>06</strong>4,5059891,9987,4922004/054,7<strong>06</strong>6545,360The total compensation to the Management Board, as shown above, relates to six members, including one member who terminatedthe employment during the financial year <strong>2005</strong>/<strong>06</strong>.Phonak AG has a sponsorship agreement with ARcycling Ltd. effective until December 31, 20<strong>06</strong>. The corresponding expenses includedin the consolidated income statement amount to CHF 3.8 million (previous year CHF 6.2 million).78 Consolidated Financial Statements
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