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Annual Report 2016

Feintool International Holding AG Balance Sheet

for the 2016 financial year (as at December 31, 2016)

    12/31/2016   12/31/2015  
  Note in CHF 1 000 in % in CHF 1 000 in %
ASSETS          
Current assets          
Cash and cash equivalents   31 232   19 884  
Trade and other receivables 1 13 269   14 333  
Tax receivables   2 274    
Prepaid expenses and accrued income 2 733   724  
Total current assets   47 508 19.5 34 941 16.5
           
Non-current assets          
Financial assets 3 40 678   46 454  
Investments 4 153 454   128 310  
Property, plant and equipment 5 272   283  
Intangible assets 6 1 872   1 528  
Total non-current assets   196 276 80.5 176 575 83.5
TOTAL ASSETS   243 784 100.0 211 516 100.0
LIABILITIES          
Current liabilities          
Trade and other current payables 7 8 948   5 194  
Current interest bearing liabilities 8 24 548   11 517  
Accrued expenses and deferred income 9 5 281   4 036  
Total current liabilities   38 777 15.9 20 747 9.8
           
Non-current liabilities          
Non-current provisions 10 681   649  
Total non-current liabilities   681 0.3 649 0.3
Total liabilities   39 458 16.2 21 396 10.1
           
Shareholder's equity          
Share capital 11 44 630   44 630  
General legal reserves from capital contributions   111 569   118 255  
Free retained earnings          
(Loss)/Gain carryforward   28 200   18 797  
Result for the year   20 587   9 343  
Treasury shares 14 -660   -905  
Total shareholder's equity   204 326 83.8 190 120 89.9
TOTAL EQUITY AND LIABILITIES   243 784 100.0 211 516 100.0

Feintool international holding ag Statement of Income

for the 2016 financial year (January 1 to December 31, 2016)

    2016   2015  
  Note in CHF 1 000 in % in CHF 1 000 in %
INCOME          
Operating income 15 27 951 59.6 18 932 51.2
Income from investments   0.0 8 000 21.7
Financial income 16 6 945 14.8 9 026 24.4
Reversal of valuation allowance on investments 17 12 000 25.6 1 000 2.7
Total income   46 896 100.0 36 958 100.0
EXPENSES          
Personnel expenses 18 8 396 17.9 7 091 19.2
Other operating expenses 19 9 462 20.2 8 336 22.6
Depreciation   2 085 4.3 1 041 2.7
Financial expenses 20 6 366 13.7 10 817 29.3
Taxes   0.0 330 0.9
Total expenses   26 309 56.1 27 615 74.7
RESULT FOR THE YEAR   20 587 43.9 9 343 25.3