Annual Report 2005/06 THE WORLD OF SOUND - Sonova

36. Events after the balance sheet dateOn April 1, 2006 the Group acquired 100% of National Hearing Services Inc., Canada. The company acquired is engaged in the businessof providing hearing health solutions to retail customers.The expected cash outflow for this transaction amounts to CHF 33.7 million and is made up of a fixed (CHF 26.4 million) andvariable purchase price (CHF 7.3 million). In the financial year 2005/06, the company acquired reported sales of approximatelyCHF 19.7 million.In addition, at the beginning of May 2006, the Group acquired two smaller companies engaged in the business of selling hearinginstruments. The expected cash outflow for these two transactions amounts to CHF 26.2 million (CHF 14.1 million fixed purchaseprice and CHF 12.1 million variable purchase price). In the calendar year 2005, the companies acquired reported sales of approximatelyCHF 18.3 million.37. Exchange ratesThe following are the exchange rates used for currency translation:Year-end ratesBalance sheetAverage rates for the yearIncome statementAUD 1BRL 1CAD 1CNY 1DKK 100EUR 1GBP 1JOD 1JPY 100NOK 100NZD 1PLN 1SEK 100USD 131.3.20060.930.591.120.1621.121.582.271.851.1119.690.800.4016.721.3131.3.20050.93n/a0.990.1420.851.552.251.631.1218.950.85n/a17.001.202005/060.960.591.070.1620.791.552.271.801.1319.480.880.4016.581.272004/050.91n/a0.960.1520.701.542.261.721.1418.600.82n/a16.911.23Consolidated Financial Statements85