ANNUAL REPORT 2020

Consolidated Statement of Comprehensive Income

for the 2020 financial year (January 1 to December 31, 2020)

		2020		2019
	Note	in CHF 1 000	in %	in CHF 1 000	in %
Net sales	2	491 965	100.0	632 684	100.0

Change in finished and semi-finished goods and work in progress		-9 358		-3 627
Capitalized self-generated assets	3	3 043		2 358
Material expenses		-208 155		-293 187
Personnel expenses 1)	4	-152 731		-194 404
Other operating expenses	5	-66 534		-78 203
Other operating income	6	1 269		2 040
Earnings before interest, taxes, depreciation and amortization (EBITDA) 2)		59 499	12.1	67 661	10.7

Depreciation and amortization	16, 17	-50 254		-48 801
Impairment of tangible assets 3)	16	-5 932		–
Operating profit (EBIT) 4)		3 313	0.7	18 860	3.0

Financial expenses	7	-16 270		-24 804
Financial income	8	11 002		21 140
Earnings before taxes		-1 955	-0.4	15 196	2.4

Income taxes	9	-1 994		-4 545
Net income attributable to Feintool Holding shareholders		-3 949	-0.8	10 651	1.7

1) In the 2020 financial year, the company agreed to a change in benefits in the Swiss pension plan and a curtailment due to the staff reduction measures, which had a positive one-off effect of kCHF 6 253 on comprehensive income for the period in accordance with IAS 19. In addition, please refer to sections 1 and 4 of the Notes.

2) Includes the operating result before depreciation and amortization, (net) financial income and income tax.

3) Due to capacities no longer required at two plants, an impairment loss on manufacturing equipment totaling kCHF 5 932 was recognized in the 2020 financial year. In addition, please refer to section 1, footnote 3 of the Notes.

4) Includes the operating result before (net) financial income and income tax.

		2020		2019
	Note	in CHF 1 000	in %	in CHF 1 000	in %
Other comprehensive income
Items that may be reclassified to profit or loss
Translation differences		-15 350		-8 329
Income taxes on recycable items		-798		583

Items that may not be reclassified to profit or loss
Reassessment of net defined benefit liability (asset)		5 141		-5 910
Income taxes on non recycable items		-1 077		1 478
Total other comprehensive income		-12 084		-12 178

Total comprehensive income attributable to Feintool Holding shareholders		-16 033		-1 527

Net income attributable to Feintool Holding shareholders		-3 949		10 651
Total comprehensive income attributable to Feintool Holding shareholders		-16 033		-1 527

Basic earnings per share (in CHF)	11	-0.80		2.17
Diluted earnings per share (in CHF)	11	-0.80		2.17

Number of employees as of December 31
Number of employees excl. 100 (previous year 91) trainees	4	2 570		2 641