- >Financial Report
- >Consolidated financial statements Geberit Group
- >Notes to the consolidated financial statements
- >Note 27
|Research and development expenses, gross||55.8||50.9|
|Capitalized development costs||-5.9||-3.3|
|Amortization of capitalized development costs||0.2||0.0|
|Research and development expenses, net||50.1||47.6|
Geberit spends around 2.6% of revenue from sales (around 2.3% of sales) on research and development (R&D) every year. The expenditure has remained relatively constant over the years.
In 2014, gross research and development costs totaling MCHF 55.8 (PY: MCHF 50.9) were charged directly to the income statement. The costs are included in the items “Personnel expenses”, “Depreciation” and “Other operating expenses, net”.
For three major development projects, the capitalization criteria according to IAS 38.57 were met and costs of MCHF 5.9 (PY: MCHF 3.3) were capitalized.