| In CHF’000 |
2007 |
2006 |
|---|
| |
|
|
| At January 1 |
9 441 |
7 559 |
| Acquisition of an associate |
- |
207 |
| Change in scope of consolidation |
-254 |
- |
| Share of profit/(loss) |
2 465 |
3 231 |
| Dividends received |
-1 229 |
-1 879 |
| Exchange differences |
277 |
323 |
| |
|
|
| At December 31 |
10 700 |
9 441 |
The Group’s interests in its principal associates, all of which are unlisted, were as follows:
| |
|
Interest held |
|---|
| Name of associate |
Principal activity |
2007 |
2006 |
|---|
| |
|
|
|
| Digital Elektronik GmbH, Austria |
Manufacture of Electronics products |
25% |
25% |
| APT-SkiData Ltd, United Kingdom |
Sales of Physical Access products |
26% |
26% |
| SkiData Parking Systems, Hong-Kong |
Sales of Physical Access products |
26% |
26% |
| TESC Test Solution Center GmbH, Germany |
Services for Digital Television |
* |
25% |
| Ticketcorner Holding AG |
Event distribution and ticketing |
28% |
28% |
| |
|
|
|
* consolidated as a subsidiary starting October 24, 2007
Summarized financial information of the Group’s associates
| In CHF’000 |
31.12.2007 |
31.12.2006 |
|---|
| |
|
|
| Total assets |
183 308 |
193 986 |
| Total liabilities |
152 128 |
162 077 |
| Net assets |
31 180 |
31 908 |
| Group’s share of associates’ net assets |
10 700 |
9 441 |
| |
|
|
| |
|
|
| |
2007 |
2006 |
|---|
| |
|
|
| Revenue |
163 629 |
149 867 |
| Result of the period |
10 720 |
8 849 |
| Group’s share of associates’ result for the period |
2 465 |
3 231 |
| |
|
|
The Group’s share in the consolidated net assets of its associate Ticketcorner Holding AG, as adjusted for the unrealized portion of its revalued assets and liabilities, is negative. As the Group has no legal or constructive obligation on behalf of the associate, it has not recognized its share of the negative equity. It will resume recognizing its share of subsequent profits once these equal the share of losses not recognized.
