ANNUAL REPORT 2018

Feintool International Holding AG
Balance Sheet

for the 2018 financial year (as at December 31, 2018)

12/31/2018

12/31/2017

Note

in CHF 1 000

in %

in CHF 1 000

in %

ASSETS

Current assets

Cash and cash equivalents

4 755

12 844

Trade and other receivables

1

11 578

14 445

Prepaid expenses and accrued income

2

1 197

1 295

Total current assets

17 530

4.7

28 584

10.0

Non-current assets

Property, plant and equipment

3

129

198

Intangible assets

4

2 599

3 465

Financial assets

5

147 851

62 809

Investments

6

204 080

190 096

Total non-current assets

354 659

95.3

256 568

90.0

TOTAL ASSETS

372 189

100.0

285 152

100.0

LIABILITIES

Current liabilities

Current interest bearing liabilities

7

97 823

57 318

Trade and other payables

8

3 562

7 842

Accrued expenses and deferred income

9

5 950

6 018

Total current liabilities

107 336

28.8

71 178

25.0

Non-current liabilities

Non-current provisions

10

509

517

Total non-current liabilities

509

0.1

517

0.2

Total liabilities

107 845

29.0

71 695

25.1

Shareholder's equity

Share capital

11

49 148

44 630

General legal reserves from capital contributions

11

139 201

102 645

Free retained earnings

(Loss)/Gain carryforward

66 891

48 876

Result for the year

10 885

18 009

Treasury shares

14

-1 780

-703

Total shareholder's equity

264 345

71.0

213 457

74.9

TOTAL EQUITY AND LIABILITIES

372 189

100.0

285 152

100.0

Feintool international holding ag
Statement of Income

for the 2018 financial year (January 1 to December 31, 2018)

2018

2017

Note

in CHF 1 000

in %

in CHF 1 000

in %

INCOME

Operating income

15

33 857

65.4

29 935

63.8

Financial income

16

17 932

34.6

9 012

19.2

Reversal of valuation allowance on investments

17

0.0

8 000

17.0

Total income

51 789

100.0

46 947

100.0

EXPENSES

Personnel expenses

18

7 421

14.3

10 568

22.5

Other operating expenses

19

10 326

19.9

9 707

20.7

Depreciation

3 020

5.7

1 072

2.2

Financial expenses

20

17 354

33.5

8 140

17.3

Income Taxes

2 783

5.4

-549

-1.2

Total expenses

40 904

79.0

28 938

61.6

RESULT FOR THE YEAR

10 885

21.0

18 009

38.4