
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
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20. Other non-current provisions and liabilities
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21. Contingencies
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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.
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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