Consolidated balance sheets

Assets

In CHF'000	Notes	31.12.2008	31.12.2007
Non-current assets
Tangible fixed assets	15	165 537	177 596
Intangible assets	16	239 146	204 117
Investments in associates	17	5 563	10 700
Deferred income taxes	18	51 856	39 750
Financial assets and other non-current assets	19	63 195	38 474

Total non-current assets		525 297	470 637

Current assets
Inventories	20	97 350	93 813
Trade accounts receivable	21	353 932	260 239
Other current assets	22	60 974	78 030
Financial assets (short term)	23	8 993	23 310
Cash and cash equivalents	24	247 819	278 140

Total current assets		769 068	733 532

Total assets		1 294 365	1 204 169

In CHF'000	Notes	31.12.2008	31.12.2007
Capital and reserves
Share capital	25	523 960	521 594
Reserves		-61 077	-1 201
Treasury shares	26	-380	-380

Equity attributable to equity holders of the parent		462 503	520 013

Minority interest		106 075	105 542

Total equity		568 578	625 555

Non-current liabilities
Long-term financial debt	27	364 180	324 868
Deferred income tax liabilities	18	5 088	4 470
Employee benefits liabilities	29	21 706	20 050
Provisions for other liabilities and charges	30	8 009	9 363
Other long-term liabilities	31	5 429	1 560

Total non-current liabilities		404 412	360 311

Current liabilities
Short-term financial debt	32	78 904	11 954
Trade accounts payable	33	113 701	70 993
Other current liabilities	34	104 022	95 005
Current income taxes		2 645	10 790
Advances received from clients	35	12 587	21 645
Derivative financial instruments	36	2 522	359
Provisions for other liabilities and charges	30	6 994	7 557

Total current liabilities		321 375	218 303

Total liabilities		725 787	578 614

Total equity and liabilities		1 294 365	1 204 169

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