Geberit AG Annual Report 2004

Consolidated Financial Statements Geberit Group
Consolidated Balance Sheets

Note		31.12.2004	31.12.2003
Assets		MCHF	MCHF

Current assets
Cash and cash equivalents		81.6	181.3
Trade accounts receivable	4	120.9	88.6
Other accounts receivable and prepaid expenses	5	37.6	33.7
Inventories	6	197.9	117.0
Total current assets		438.0	420.6

Non-current assets
Property, plant and equipment	7	538.8	490.9
Deferred tax assets	16	50.8	24.6
Financial assets and other non-current assets	8	97.5	102.0
Goodwill and intangible assets	9	878.8	469.7
Total non-current assets		1,565.9	1,087.2
Total assets		2,003.9	1,507.8


Liabilities and Shareholders’ Equity

Current liabilities
Short-term debt	10/12	3.6	3.6
Trade accounts payable		91.2	76.1
Tax liabilities and tax provisions		87.9	57.4
Other current provisions and liabilities	11	134.3	85.6
Total current liabilities		317.0	222.7

Non-current liabilities
Long-term debt	12	531.7	293.6
Accrued pension obligation	14	120.0	102.0
Deferred tax liabilities	16	116.2	102.7
Other non-current provisions and liabilities	17	47.9	36.4
Total non-current liabilities		815.8	534.7

Minority interest		0.3	11.4

Shareholders’ equity
Capital stock	19	4.2	4.2
Reserves	19	847.0	715.8
Cumulative translation adjustments	19	19.6	19.0
Total shareholders’ equity		870.8	739.0
Total liabilities and shareholders’ equity		2,003.9	1,507.8

The accompanying notes are an integral part of the consolidated financial statements.