
Financial report > Consolidated financial statements Geberit Group
Notes to the Consolidated Financial Statements
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1. Basis of preparation
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2. Changes in Group organization
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3. Summary of significant accounting policies
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4. Risk assessment and management
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5. Management of capital
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6. Marketable securities
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7. Trade accounts receivable
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8. Other current assets and current financial assets
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9. Inventories
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10. Property, plant and equipment
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11. Other non-current assets and non-current financial assets
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12. Goodwill and intangible assets
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13. Short-term debt
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14. Other current provisions and liabilities
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15. Long-term debt
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16. Derivative financial instruments
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17. Retirement benefit plans
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18. Participation plans
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19. Deferred tax assets and liabilities
2012 Movements 2012 2011 Total Charged/
credited to incomeThrough
equity/
OCI 1Translation
differencesTotal MCHF MCHF MCHF MCHF MCHF Deferred tax assets Loss carryforwards 4.1 -1.0 0.0 0.0 5.1 Accrued pension obligation 19.5 0.1 -7.2 0.0 26.6 Property, plant and equipment 2.9 0.2 0.0 0.0 2.7 Goodwill and intangible assets 26.2 -5.1 0.0 0.0 31.3 Other 14.1 2.1 -1.2 -0.1 13.3 Total deferred tax assets 66.8 -3.7 -8.4 -0.1 79.0 Deferred tax liabilities Inventories -5.4 0.6 0.0 0.1 -6.1 Property, plant and equipment -30.7 0.8 0.0 0.2 -31.7 Intangible assets -6.7 -0.1 0.0 0.0 -6.6 Other -4.8 0.6 0.0 0.0 -5.4 Total deferred tax liabilities -47.6 1.9 0.0 0.3 -49.8 1 Other comprehensive income 2011 Movements 2011 2010 Total Charged/
credited to incomeThrough
equity/
OCI 1Translation
differencesTotal MCHF MCHF MCHF MCHF MCHF Deferred tax assets Loss carryforwards 5.1 -1.0 0.0 -0.1 6.2 Accrued pension obligation 26.6 0.5 9.0 -0.2 17.3 Property, plant and equipment 2.7 0.3 0.0 0.0 2.4 Goodwill and intangible assets 31.3 -4.7 0.0 -0.1 36.1 Other 13.3 -1.1 -1.9 -0.2 16.5 Total deferred tax assets 79.0 -6.0 7.1 -0.6 78.5 Deferred tax liabilities Inventories -6.1 -0.8 0.0 0.0 -5.3 Property, plant and equipment -31.7 0.5 0.0 0.4 -32.6 Intangible assets -6.6 0.7 0.0 0.1 -7.4 Other -5.4 1.5 0.0 0.0 -6.9 Total deferred tax liabilities -49.8 1.9 0.0 0.5 -52.2 1 Other comprehensive income Deferred tax liabilities are recorded for non-refundable withholding taxes or other taxes on unremitted earnings if earnings are planned to be remitted to the parent. As of December 31, 2012 and 2011, there were no such retained earnings in the subsidiaries.
The Group recognizes deferred tax assets from loss carryforwards if they comply with the requirements of IAS 12. The following loss carryforwards (listed by maturity) were used for the calculation of deferred tax assets:
2012 Without
deferred
tax assetWith
deferred
tax asset2011 Without
deferred
tax assetWith
deferred
tax assetMCHF MCHF MCHF MCHF MCHF MCHF Maturity 1 year 0.0 0.0 0.0 0.0 0.0 0.0 2 years 0.0 0.0 0.0 0.0 0.0 0.0 3 years 0.0 0.0 0.0 0.0 0.0 0.0 4 years 0.6 0.0 0.6 0.0 0.0 0.0 5 years 1.2 0.0 1.2 0.0 0.0 0.0 6 years 5.0 0.0 5.0 5.7 0.0 5.7 > 6 years 8.8 0.0 8.8 14.0 0.0 14.0 Total loss carryforwards 15.6 0.0 15.6 19.7 0.0 19.7 -
20. Other non-current provisions and liabilities
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21. Contingencies
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22. Capital stock and treasury shares
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23. Earnings per share
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24. Cash discounts and customer bonuses
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25. Other operating expenses, net
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26. Financial result, net
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27. Income tax expenses
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28. Cashflow figures
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29. Segment reporting
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30. Related party transactions
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31. Foreign exchange rates
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32. Subsequent events
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33. Additional disclosures on financial instruments
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34. Group companies as of December 31, 2012