- >Financial Report
- >Consolidated financial statements Geberit Group
- >Notes to the consolidated financial statements
- >Note 27
|Research and development expenses||63.4||55.8|
|Capitalized development expenses||-7.8||-5.9|
|Amortization of capitalized development expenses||1.1||0.2|
|Research and development cost||56.7||50.1|
Geberit spends around 2.4% of net sales on research and development (R&D) every year. The expenses have remained relatively constant over the years.
In 2015, research and development expenses totaling MCHF 63.4 (PY: MCHF 55.8) were included in the items “Personnel expenses”, “Depreciation” and “Other operating expenses, net”.
For five major development projects, the capitalization criteria according to IAS 38.57 were met and expenses of MCHF 7.8 (PY: MCHF 5.9) were capitalized.