Integrated Annual Report 2015
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Notes to the Consolidated Financial Statements

1. Basic information and principles of the report

2. Changes in Group structure

3. Summary of significant accounting policies

4. Risk assessment and management

5. Management of capital

6. Trade accounts receivable

7. Other current assets and current financial assets

8. Inventories

9. Property, plant and equipment

  Total Land and
buildings
Machinery
and
equipment
Office
equipment
Assets
under
constr. /
advance
payments
  MCHF MCHF MCHF MCHF MCHF
2015          
Cost at beginning of year 1,392.1 396.2 883.9 56.9 55.1
Changes in scope of consolidation 724.4 236.0 482.3 6.1
Additions 133.3 5.2 45.9 7.2 75.0
Disposals -62.7 -9.6 -49.8 -3.3
Transfers 0.0 2.7 41.6 1.0 -45.3
Translation differences -64.9 -16.1 -42.7 -3.1 -3.0
Cost at end of year 2,122.2 614.4 1,361.2 58.7 87.9
           
Accumulated depreciation at beginning of year 841.2 159.8 637.5 43.9 0.0
Changes in scope of consolidation 559.2 159.0 400.2
Depreciation 95.9 15.0 75.7 5.2
Disposals -58.5 -7.2 -48.0 -3.3
Translation differences -31.0 -2.2 -26.3 -2.5
Accumulated depreciation at end of year 1,406.8 324.4 1,039.1 43.3 0.0
           
Carrying amounts at end of year 715.4 290.0 322.1 15.4 87.9
           
           
2014          
Cost at beginning of year 1,315.1 376.4 834.5 56.8 47.4
Additions 94.2 12.8 40.3 4.4 36.7
Disposals -12.6 -1.3 -6.7 -4.6
Transfers 0.0 8.5 20.2 0.2 -28.9
Translation differences -4.6 -0.2 -4.4 0.1 -0.1
Cost at end of year 1,392.1 396.2 883.9 56.9 55.1
           
Accumulated depreciation at beginning of year 778.7 150.3 585.3 43.1 0.0
Depreciation 77.0 10.9 61.1 5.0
Disposals -11.8 -1.2 -6.2 -4.4
Translation differences -2.7 -0.2 -2.7 0.2
Accumulated depreciation at end of year 841.2 159.8 637.5 43.9 0.0
           
Carrying amounts at end of year 550.9 236.4 246.4 13.0 55.1

As of December 31, 2015, buildings were insured at MCHF 872.6 (PY: MCHF 440.0) and equipment at MCHF 1,518.2 (PY: MCHF 955.2) against fire, which amounts to a total fire insurance value for property, plant and equipment of MCHF 2,390.8 (PY: MCHF 1,395.2).

As of December 31, 2015, there were no qualified assets for which borrowing costs were capitalized during the production phase. As of December 31, 2015, the Group had entered into firm commitments for capital expenditures of MCHF 23.3 (PY: MCHF 9.0).

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

11. Goodwill and intangible assets

12. Short-term debt

13. Other current liabilities and provisions

14. Long-term debt

15. Financial instruments

16. Retirement benefit plans

17. Participation plans

18. Deferred tax assets and liabilities

19. Other non-current liabilities and provisions

20. Contingencies

21. Capital stock and treasury shares

22. Earnings per share

23. Other operating expenses, net

24. Financial result, net

25. Income tax expenses

26. Operative Leasing

27. Research and development cost

28. Cashflow figures

29. Segment reporting

30. Related party transactions

31. Foreign exchange rates

32. Subsequent events

33. Group companies as of December 31, 2015