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

  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

    Measurement of financial instruments by categories according to IAS 39

    Based on the relevant balance sheet item of financial instruments, the following table shows an allocation of the balance sheet items to the classification by categories according to IAS 39. In addition, a fair value measurement hierarchy was introduced for assets and liabilities that are measured at fair value. Level 1 contains all financial instruments with quoted prices in active markets. Level 2 contains all financial instruments with inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. Level 3 contains all financial instruments with input for the asset and liability that are not based on observable market data.

      Carrying amount
    as of
    31.12.2012
    Loans and
    receivables
    Financial assets
    at fair value
    Fair value
    measure­ment
    hierarchy
      MCHF MCHF MCHF  
    Financial assets        
    Cash and cash equivalents 361.3 361.3 0.0  
    Marketable securities 61.8 0.0 61.8 Level 1
    Trade accounts receivable 119.6 119.6 0.0  
    Other current assets 49.9 49.9 0.0  
    Other non-current assets 6.4 5.4 1.0 Level 2
    Derivative financial instruments 3.1 0.0 3.1 Level 2
    Total 602.1 536.2 65.9  

      Carrying amount
    as of
    31.12.2012
    Financial
    liabilities at
    amortized cost
    Financial
    liabilities at
    fair value
    Fair value
    measurement
    hierarchy
      MCHF MCHF MCHF  
    Financial liabilities        
    Short-term debt 3.8 3.8 0.0  
    Trade accounts payable 58.6 58.6 0.0  
    Other financial liabilities 10.9 10.9 0.0  
    Total 73.3 73.3 0.0  

    Fair value measurement hierarchy:

    Level 1: quoted prices in active markets for identical assets
    Level 2: observable prices, either directly or indirectly
    Level 3: input factors that are not based on observable market data

      Carrying amount
    as of
    31.12.2011
    Loans and
    receivables
    Financial assets
    at fair value
    Fair value
    measurement
    hierarchy
      MCHF MCHF MCHF  
    Financial assets        
    Cash and cash equivalents 455.0 455.0 0.0  
    Marketable securities 87.0 0.0 87.0 Level 1
    Trade accounts receivable 112.9 112.9 0.0  
    Other current assets 43.8 43.8 0.0  
    Other non-current assets 6.6 5.6 1.0 Level 2
    Derivative financial instruments 2.7 0.0 2.7 Level 2
    Total 708.0 617.3 90.7  

      Carrying amount
    as of
    31.12.2011
    Financial
    liabilities at
    amortized cost
    Financial
    liabilities at
    fair value
    Fair value
    measurement
    hierarchy
      MCHF MCHF MCHF  
    Financial liabilities        
    Short-term debt 3.8 3.8 0.0  
    Trade accounts payable 60.2 60.2 0.0  
    Private Placement 61.0 61.0 0.0  
    Other financial liabilities 10.8 10.8 0.0  
    Derivative financial instruments 16.4 0.0 16.4 Level 2
    Total 152.2 135.8 16.4  

    Maturity analysis of financial instruments

    The following table shows the carrying amount of all contractually defined future (not discounted) interest and amortization payments of derivative and non-derivative financial instruments as of the balance sheet date:

      Carrying amount   Maturity
      31.12.2012   2013 2014 2015 2016 2017 and
    later
      MCHF   MCHF MCHF MCHF MCHF MCHF
    Short-term debt 3.8   4.0 0.0 0.0 0.0 0.0
    Trade accounts payable 58.6   58.6 0.0 0.0 0.0 0.0
    Other financial liabilities 10.9   0.8 3.2 2.7 2.0 4.7
    Total non-derivative financial liabilities 73.3   63.4 3.2 2.7 2.0 4.7
                   
    Derivative financial liabilities 0.0   0.0 0.0 0.0 0.0 0.0
    Derivative financial assets -3.1   38.0 0.0 0.0 0.0 0.0
    Total derivative financial instruments -3.1   38.0 0.0 0.0 0.0 0.0
                   
    Total 70.2   101.4 3.2 2.7 2.0 4.7

      Carrying amount   Maturity
      31.12.2011   2012 2013 2014 2015 2016 and
    later
      MCHF   MCHF MCHF MCHF MCHF MCHF
    Short-term debt 3.8   3.8 0.0 0.0 0.0 0.0
    Trade accounts payable 60.2   60.2 0.0 0.0 0.0 0.0
    Private Placement 61.0   64.5 0.0 0.0 0.0 0.0
    Other financial liabilities 10.8   0.8 3.1 2.7 2.2 4.4
    Total non-derivative financial liabilities 135.8   129.3 3.1 2.7 2.2 4.4
                   
    Derivative financial liabilities 16.4   70.7 0.0 0.0 0.0 0.0
    Derivative financial assets -2.7   3.4 23.7 0.0 0.0 0.0
    Total derivative financial instruments 13.7   74.1 23.7 0.0 0.0 0.0
                   
    Total 149.5   203.4 26.8 2.7 2.2 4.4

  34. 34. Group companies as of December 31, 2012