Consolidated balance sheets at December 31, 2007 and 2006

Assets

In CHF’000 Notes 31.12.2007 31.12.2006
Non-current assets
Tangible fixed assets 14 177 596 149 457
Intangible assets 15 204 117 28 405
Investments in associates 16 10 700 9 441
Deferred income taxes 17 39 750 32 217
Financial assets and other non-current assets 18 38 474 37 951
Total non-current assets 470 637 257 471
Current assets
Inventories 19 93 813 59 778
Trade accounts receivable 20 260 239 227 039
Other current assets 21 78 030 29 571
Financial assets (short term) 22 23 310 26 147
Cash and cash equivalents 23 278 140 444 007
Total current assets 733 532 786 542
Total assets 1 204 169 1 044 013

Equity and liabilities

In CHF’000 Notes 31.12.2007 31.12.2006
Capital and reserves
Share capital 24 521 594 519 352
Reserves -1 201 -30 630
Treasury shares 25 -380 -380
Equity attributable to equity holders of the parent 520 013 488 342
Minority interest 105 542 26 926
Total equity 625 555 515 268
Non-current liabilities
Long-term financial debt 26 324 868 318 516
Deferred income tax liabilities 17 4 470 2 952
Employee benefits liabilities 28 20 050 17 612
Provisions for other liabilities and charges 29 9 363 7 390
Other long-term liabilities 30 1 560 866
Total non-current liabilities 360 311 347 336
Current liabilities
Short-term financial debt 31 11 954 9 967
Trade accounts payable 32 70 993 68 705
Other current liabilities 33 95 005 69 732
Current income taxes 10 790 15 870
Advances received from clients 34 21 645 9 382
Derivative financial instruments 35 359 -
Provisions for other liabilities and charges 29 7 557 7 753
Total current liabilities 218 303 181 409
Total liabilities 578 614 528 745
Total equity and liabilities 1 204 169 1 044 013

The accompanying notes form an integral part of these consolidated financial statements.