ANNUAL REPORT 2017

Feintool International Holding AG Balance Sheet

for the 2017 financial year (as at December 31, 2017)

12/31/2017

12/31/2016

Note

in CHF 1 000

in %

in CHF 1 000

in %

ASSETS

Current assets

Cash and cash equivalents

12 844

31 232

Trade and other receivables

1

14 445

13 269

Tax receivables

2 274

Prepaid expenses and accrued income

2

1 295

733

Total current assets

28 584

10.0

47 508

19.5

Non-current assets

Property, plant and equipment

3

198

272

Intangible assets

4

3 465

1 872

Financial assets

5

62 809

40 678

Investments

6

190 096

153 454

Total non-current assets

256 568

90.0

196 276

80.5

TOTAL ASSETS

285 152

100.0

243 784

100.0

LIABILITIES

Current liabilities

Current interest bearing liabilities

7

57 318

24 548

Trade and other payables

8

7 842

8 948

Accrued expenses and deferred income

9

6 018

5 281

Total current liabilities

71 178

25.0

38 777

15.9

Non-current liabilities

Non-current provisions

10

517

681

Total non-current liabilities

517

0.2

681

0.3

Total liabilities

71 695

25.1

39 458

16.2

Shareholder's equity

Share capital

11

44 630

44 630

General legal reserves from capital contributions

102 645

111 569

Free retained earnings

(Loss)/Gain carryforward

48 876

28 200

Result for the year

18 009

20 587

Treasury shares

14

-703

-660

Total shareholder's equity

213 457

74.9

204 326

83.8

TOTAL EQUITY AND LIABILITIES

285 152

100.0

243 784

100.0

Feintool international holding ag Statement of Income

for the 2017 financial year (January 1 to December 31, 2017)

2017

2016

Note

in CHF 1 000

in %

in CHF 1 000

in %

INCOME

Operating income

15

29 935

63.8

27 951

59.6

Financial income

16

9 012

19.2

6 945

14.8

Reversal of valuation allowance on investments

17

8 000

17.0

12 000

25.6

Total income

46 947

100.0

46 896

100.0

EXPENSES

Personnel expenses

18

10 568

22.5

8 396

17.9

Other operating expenses

19

9 707

20.7

9 462

20.2

Depreciation

1 072

2.2

2 085

4.3

Financial expenses

20

8 140

17.3

6 366

13.7

Income Taxes

-549

-1.2

0.0

Total expenses

28 938

61.6

26 309

56.1

RESULT FOR THE YEAR

18 009

38.4

20 587

43.9