Geberit AG Annual Report 2005

Financial Statements Geberit AG
Financial Statements

	31.12.2005	31.12.2004
Balance Sheets	MCHF	MCHF

Current assets
Cash and cash equivalents	0.1	0.5
Accounts receivable:
- Third parties	1.0	1.5
- Group companies	120.8	25.5
Total current assets	121.9	27.5

Non-current assets
Investments	832.0	878.5
Intangible assets:
- Financing costs convertible bond	2.7	3.3
Total non-current assets	834.7	881.8
Total assets	956.6	909.3

Current liabilities
- Third parties	1.8	1.6
- Group companies	1.0	0.9
Total current liabilities	2.8	2.5

Long-term liability: Convertible bond	170.0	170.0

Shareholders’ equity
Capital stock	4.2	4.2
Legal reserves:
- General reserve	0.8	0.8
- Reserve for treasury shares	53.0	43.2
Free reserves	578.9	568.7
Retained earnings	146.9	119.9
Total shareholders’ equity	783.8	736.8
Total liabilities and shareholders' equity	956.6	909.3


	2005	2004
Income Statements	MCHF	MCHF

Income
Dividends from subsidiaries	140.0	110.0
Financial income	2.5	4.8
Other operating income	0.3	0.2
Total income	142.8	115.0

Expenses
Administrative expenses	2.0	3.1
Financial expenses	2.3	1.7
Total expenses	4.3	4.8
Net income	138.5	110.2