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

  21. 21. Contingencies

  22. 22. Capital stock and treasury shares

      2012 2011
      pcs. pcs.
    Issued shares    
    January 1 39,847,005 41,238,005
    Capital reduction as at June 2012 / July 2011 -1,026,000 -1,391,000
    December 31 38,821,005 39,847,005

    Geberit AG repurchased 1,391,000 shares in the course of the share buyback program 2006. These shares were retired in the course of the capital reduction. As at July 6, 2011, the approved capital reduction was executed.

    Geberit AG has concluded its share buyback program, started in January 2011, earlier than planned. In total, 2,048,578 registered shares – equal to CHF 390,172,725 and corresponding to 5.28% of the share capital currently entered in the Commercial Register – were repurchased 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.

    Up to December 31, 2011, Geberit AG repurchased 1,026,000 shares in the course of this program and canceled these shares by means of a capital reduction. The approved capital reduction was executed in June 2012.

    With regard to the remaining 1,022,578 shares repurchased in 2012, it is proposed a capital reduction for the repurchased shares and their subsequent cancellation to the General Meeting on April 4, 2013.

    As of December 31, 2012, the Group held a total of 1,235,345 (PY: 1,300,551) treasury shares with a carrying amount of MCHF 228.4 (PY: MCHF 229.4). In 2012, the Group decreased the net number of treasury shares by 65,206. Treasury shares are deducted at cost from equity.

      2012 2011
      pcs. pcs.
    Stock of treasury shares    
    From share buyback programs 1,022,578 1,026,000
    Other treasury shares 212,767 274,551
    Total treasury shares 1,235,345 1,300,551

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

  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