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

  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

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      2013 2012
      MCHF MCHF
    Outbound freight costs and duties 67.0 63.9
    Energy and maintenance expenses 74.1 73.7
    Marketing expenses 84.2 87.4
    Administration expenses 43.1 40.1
    Other operating expenses 78.2 72.0
    Other operating income -12.1 -14.1
    Total other operating expenses, net 334.5 323.0

    Other operating income includes, among other things, insurance benefits received, rental income, gains from sales of fixed assets and catering revenues.

    In 2013, costs of MCHF 12.0 (PY: MCHF 9.3) were capitalized as property, plant and equipment and intangible assets, including particular tools and assembly lines, which are part of the production process as well as capitalized development costs. The amount was deducted pro-rata from “personnel expenses”, “cost of materials” and “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