Financial report  >  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

      2012 2011
      MCHF MCHF
    Compensation-related liabilities 47.6 45.6
    Accrued interest 0.2 0.5
    Customer-related liabilities 58.3 56.9
    Current provisions 2.1 3.2
    Value added tax payables 12.0 11.0
    Short-term derivative financial instruments (see  Note 16)1 0.0 16.4
    Other current liabilities 20.1 27.4
    Total other current provisions and liabilities 140.3 161.0
    1 Is not part of the calculation of net working capital.

    2012 and 2011 movements of current provisions are shown in the following table:

      2012 2011
      MCHF MCHF
    Current provisions    
    January 1 3.2 3.9
    Additions 1.2 1.3
    Used -0.7 -1.7
    Reversed -1.6 -0.1
    Transfers 0.0 -0.1
    Translation differences 0.0 -0.1
    December 31 2.1 3.2

  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

  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, 2012