Integrated
Annual Report 2016

Notes to the Financial Statements

1. Standards

1.1 Gen­eral

The fi­nan­cial state­ments were pre­pared in ac­cor­dance with the pro­vi­sions on com­mer­cial ac­count­ing of the Swiss Code of Oblig­a­tions. The sig­nif­i­cant val­u­a­tion prin­ci­ples, which are not statu­tory, are de­scribed below.

1.2 Trea­sury shares

The trea­sury shares are recorded at cost and are shown as a minus po­si­tion in eq­uity. For the shares of Geberit AG, held by the sub­sidiary Geberit Hold­ing AG re­serves for own shares are recorded in the eq­uity of Geberit AG.

1.3 Long term in­ter­est-bear­ing li­a­bil­i­ties

The in­ter­est-bear­ing li­a­bil­i­ties are stated at their nom­i­nal value. Costs in­curred in the con­text of the place­ment of bonds are cap­i­tal­ized in the pre­paid ex­penses and amor­tized lin­early over the term.

1.4 De­riv­a­tives

De­riv­a­tive in­stru­ments used for hedg­ing pur­poses are val­ued to­gether with the un­der­ly­ing trans­ac­tion. Pos­i­tive or neg­a­tive fair mar­ket val­ues will not be rec­og­nized dur­ing the life­time of the con­tract but at set­tle­ment date.

1.5 Waiver of cash flow state­ment and ad­di­tional in­for­ma­tion in the notes

As the Geberit group pre­pares a con­sol­i­dated fi­nan­cial state­ment in ac­cor­dance with a rec­og­nized stan­dard for fi­nan­cial re­port­ing (IFRS), Geberit AG waived in the ac­tual fi­nan­cial state­ments, in ac­cor­dance with the statu­tory pro­vi­sions, to pre­sent sep­a­rate notes to in­ter­est-bear­ing li­a­bil­i­ties and au­dit­ing fees and the pre­sen­ta­tion of a cash flow state­ment.

2. Other statutory disclosures

3. Profit distribution