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

  25. 25. Financial result, net

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      2013 2012
      MCHF MCHF
    Interest expenses -1.3 -5.9
    Amortization of deferred financing fees -0.3 -0.5
    Other financial expenses -3.2 -4.3
    Total financial expenses -4.8 -10.7
    Interest income 3.4 4.3
    Total financial income 3.4 4.3
    Foreign exchange loss/gain -4.1 -0.8
    Total financial result, net -5.5 -7.2

    In 2012, “interest expenses” includes interests for the MUSD 65.0 US Private Placement loan which was repaid entirely at the end of 2012. “Other financial expenses” mainly includes the valuation losses from marketable securities. The interest income of marketable securities is included in “interest income”. The foreign exchange loss in 2013 results mainly from the valuation of receivables and liabilities and is due to the weakening of currencies from emerging markets in the second half year of 2013.

  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