Financial report  >  Consolidated financial statements Geberit Group

Notes to the Consolidated Financial Statements

  1. 1. Basic information and principles of the report

  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

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      Total Land and
    buildings    		 Machinery
    and
    equipment    		 Office
    equipment    		 Assets under
     constr./
    advance
    payments
      MCHF MCHF MCHF MCHF MCHF
    2013          
    Cost at beginning of year 1,251.6 361.3 795.8 56.8 37.7
    Additions 90.6 11.2 36.3 2.9 40.2
    Disposals -33.9 -0.7 -29.8 -3.4  
    Transfers 0.0 3.0 27.0 0.4 -30.4
    Translation differences 6.8 1.6 5.2 0.1 -0.1
    Cost at end of year 1,315.1 376.4 834.5 56.8 47.4
               
    Accumulated depreciation at beginning of year 730.4 138.9 550.6 40.9 0.0
    Depreciation expense 76.6 11.3 59.8 5.5  
    Disposals -32.1 -0.4 -28.4 -3.3  
    Translation differences 3.8 0.5 3.3    
    Accumulated depreciation at end of year 778.7 150.3 585.3 43.1 0.0
               
    Net carrying amounts at end of year 536.4 226.1 249.2 13.7 47.4
               
               
    2012          
    Cost at beginning of year 955.2 296.9 580.4 35.1 42.8
    Restatement 1 260.0 47.4 184.0 30.3 -1.7
    Additions 83.4 11.2 31.6 5.0 35.6
    Disposals -40.3 -0.1 -26.4 -13.8  
    Transfers 0.0 7.7 30.4 0.5 -38.6
    Translation differences -6.7 -1.8 -4.2 -0.3 -0.4
    Cost at end of year 1,251.6 361.3 795.8 56.8 37.7
               
    Accumulated depreciation at beginning of year 439.0 82.3 337.8 18.9 0.0
    Restatement 1 260.0 47.3 182.6 30.1  
    Depreciation expense 74.3 10.2 58.2 5.9  
    Disposals -39.6 -0.4 -25.4 -13.8  
    Translation differences -3.3 -0.5 -2.6 -0.2  
    Accumulated depreciation at end of year 730.4 138.9 550.6 40.9 0.0
               
    Net carrying amounts at end of year 521.2 222.4 245.2 15.9 37.7

    1 Restatement see → Note 1

    As of December 31, 2013, buildings were insured at MCHF 433.6 (PY: MCHF 432.2) and equipment at MCHF 928.4 (PY: MCHF 915.4) against fire, which amounts to a total fire insurance value for property, plant and equipment of MCHF 1,362.0 (PY: MCHF 1,347.6).

    As of December 31, 2013, there were no qualified assets for which borrowing costs were capitalized during the production phase. As of December 31, 2013, the Group had entered into firm commitments for capital expenditures of MCHF 20.0 (PY: MCHF 11.6).

  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. Other operating expenses, net

  25. 25. Financial result, net

  26. 26. Income tax expenses

  27. 27. Cashflow figures

  28. 28. Segment reporting

  29. 29. Related party transactions

  30. 30. Foreign exchange rates

  31. 31. Subsequent events

  32. 32. Additional disclosures on financial instruments

  33. 33. Group companies as of December 31, 2013