Consolidated Financial Statements Geberit Group

Notes to the Consolidated Financial Statements

  1. 1. Basis of preparation

  2. 2. Changes in Group organization

  3. 3. Summary of significant accounting policies

  4. 4. Risk assessment and management

  5. 5. Management of capital

  6. 6. Marketable securities

  7. 7. Trade accounts receivable

  8. 8. Other current assets and current financial assets

  9. 9. Inventories

  10. 10. Property, plant and equipment

  11. 11. Other non-current assets and non-current financial assets

  12. 12. Goodwill and intangible assets

  13. 13. Short-term debt

  14. 14. Other current provisions and liabilities

  15. 15. Long-term debt

  16. 16. Derivative financial instruments

  17. 17. Retirement benefit plans

  18. 18. Participation plans

  19. 19. Deferred tax assets and liabilities

  20. 20. Other non-current provisions and liabilities

  21. 21. Contingencies

  22. 22. Capital stock and treasury shares

  23. 23. Earnings per share

  24. 24. Cash discounts and customer bonuses

  25. 25. Other operating expenses, net

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      2011 2010
      MCHF MCHF
    Outbound freight costs and duties 61.3 61.4
    Energy and maintenance expenses 73.1 70.2
    Marketing expenses 83.6 69.9
    Administration expenses 40.0 41.0
    Other operating expenses 67.7 75.8
    Other operating income -13.6 -11.9
    Total other operating expenses, net 312.1 306.4

     

    Other operating income includes, among other things, rental income, gains from sales of fixed assets, and catering revenues.

    In 2011, costs of MCHF 9.7 (PY: MCHF 8.9) were capitalized as property, plant and equipment including particular tools and assembly lines, which are part of the production process. The amount was deducted prorata from “personnel expenses”, “cost of materials”, and “other operating expenses, net”.

  26. 26. Financial result, net

  27. 27. Income tax expenses

  28. 28. Cashflow figures

  29. 29. Segment reporting

  30. 30. Related party transactions

  31. 31. Foreign exchange rates

  32. 32. Subsequent events

  33. 33. Additional disclosures on financial instruments

  34. 34. Group companies as of December 31, 2011