Integrated
Annual Report 2016

Notes to the Consolidated Financial Statements

1. Basic information and principles of the report

2. Changes in Group structure

3. Summary of significant accounting policies

4. Risk assessment and management

5. Management of capital

6. Trade accounts receivable

7. Other current assets and current financial assets

8. Inventories

9. 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
2016          
Cost at beginning of year 2,122.2 614.4 1,361.2 58.7 87.9
Changes in scope of consolidation -26.3 -6.0 -20.3
Additions 127.9 15.3 54.3 7.7 50.6
Disposals -114.3 -15.1 -82.5 -16.7
Transfers 0.0 16.4 50.3 6.8 -73.5
Translation differences -20.8 -5.2 -13.7 -0.8 -1.1
Cost at end of year 2,088.7 619.8 1,349.3 55.7 63.9
           
Accumulated depreciation at beginning of year 1,406.8 324.4 1,039.1 43.3 0.0
Changes in scope of consolidation -24.6 -5.0 -19.6
Depreciation 102.0 18.3 75.9 7.8
Disposals -107.2 -12.5 -78.5 -16.2
Translation differences -14.8 -1.6 -12.5 -0.7
Accumulated depreciation at end of year 1,362.2 323.6 1,004.4 34.2 0.0
           
Carrying amounts at end of year 726.5 296.2 344.9 21.5 63.9
           
           
2015          
Cost at beginning of year 1,392.1 396.2 883.9 56.9 55.1
Changes in scope of consolidation 724.4 236.0 482.3 6.1
Additions 133.3 5.2 45.9 7.2 75.0
Disposals -62.7 -9.6 -49.8 -3.3
Transfers 0.0 2.7 41.6 1.0 -45.3
Translation differences -64.9 -16.1 -42.7 -3.1 -3.0
Cost at end of year 2,122.2 614.4 1,361.2 58.7 87.9
           
Accumulated depreciation at beginning of year 841.2 159.8 637.5 43.9 0.0
Changes in scope of consolidation 559.2 159.0 400.2
Depreciation 95.9 15.0 75.7 5.2
Disposals -58.5 -7.2 -48.0 -3.3
Translation differences -31.0 -2.2 -26.3 -2.5
Accumulated depreciation at end of year 1,406.8 324.4 1,039.1 43.3 0.0
           
Carrying amounts at end of year 715.4 290.0 322.1 15.4 87.9

As of December 31, 2016, there were no qualified assets for which borrowing costs were capitalised during the production phase. As of December 31, 2016, the Group had entered into firm commitments for capital expenditures of MCHF 7.8 (PY: MCHF 23.3).

10. Other non-current assets and non-current financial assets

11. Goodwill and intangible assets

12. Short-term debt

13. Other current liabilities and provisions

14. Long-term debt

15. Financial instruments

16. Retirement benefit plans

17. Participation plans

18. Deferred tax assets and liabilities

19. Other non-current liabilities and provisions

20. Contingencies

21. Capital stock and treasury shares

22. Earnings per share

23. Other operating expenses, net

24. Financial result, net

25. Income tax expenses

26. Operating Leasing

27. Research and development cost

28. Cashflow figures

29. Segment reporting

30. Related party transactions

31. Foreign exchange rates

32. Subsequent events

33. Group companies as of December 31, 2016