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

  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

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      2012 2011
      MCHF MCHF
    Provisions for operating risks 20.6 20.6
    Accrued grant payments 3.1 1.9
    Other non-current liabilities 15.1 14.5
    Total other non-current provisions and liabilities 38.8 37.0

    Provisions for operating risks mainly include provisions for warranties. 2012 and 2011 movements are shown in the following table.

      2012 2011
      MCHF MCHF
    Provisions for operating risks    
    January 1 20.6 22.9
    Additions 8.4 9.5
    Used -7.9 -7.4
    Reversed -0.4 -4.1
    Translation differences -0.1 -0.3
    December 31 20.6 20.6

    The provisions for operating risk are on average due for payment within 3.3 years.

  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