Financial report  >  Consolidated financial statements Geberit Group

Notes to the Consolidated Financial Statements

  1. 1. Basic information and principles of the report

  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

      2013 2012
      pcs. pcs.
    Issued shares    
    January 1 38,821,005 39,847,005
    Capital reduction as at June -1,022,578 -1,026,000
    December 31 37,798,427 38,821,005

    Geberit AG concluded its share buyback program, started in January 2011, at the end of 2012. In total, 2,048,578 registered shares in the amount of CHF 390,172,725 were bought back as originally planned. The share buyback program was conducted via a second trading line set up especially for this purpose. The average purchase price per share was CHF 190.46. By December 31, 2011, Geberit AG had bought back 1,026,000 shares under this program, which were canceled by way of a capital reduction. The approved capital reduction was executed in June 2012. The General Meeting approved another capital reduction on April 4, 2013 for the remaining 1,022,578 shares bought back in 2012. This approved capital reduction was executed in June 2013.

    As of December 31, 2013, the Group held a total of 212,382 (PY: 1,235,345) treasury shares with a carrying amount of MCHF 40.5 (PY: MCHF 228.4). In 2013, the Group decreased the net number of treasury shares by 1,022,963. The decrease is mainly the result of the capital reduction in June 2013. Treasury shares are deducted at cost from equity.

      2013 2012
      pcs. pcs.
    Stock of treasury shares    
    From share buyback programs 0 1,022,578
    Other treasury shares 212,382 212,767
    Total treasury shares 212,382 1,235,345

    For transactions in connection with the participation plans, see → Note 18.

  23. 23. Earnings per share

  24. 24. Other operating expenses, net

  25. 25. Financial result, net

  26. 26. Income tax expenses

  27. 27. Cashflow figures

  28. 28. Segment reporting

  29. 29. Related party transactions

  30. 30. Foreign exchange rates

  31. 31. Subsequent events

  32. 32. Additional disclosures on financial instruments

  33. 33. Group companies as of December 31, 2013