Logitech 2004 Annual Report Download - page 128
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LOGITECH INTERNATIONAL S.A., APPLES
SWISS STATUTORY BALANCE SHEETS (unconsolidated)
(In thousands of Swiss francs)
March 31,
2004 2003
ASSETS
Current assets:
Cash ........................................................ CHF 565 CHF 4,822
Short-term bank deposits ........................................ 169,356 147,943
Accrued interest and other receivables ............................. 843 1,329
Advances to and amounts receivable from group companies ............ 19,122 11,293
Total current assets ........................................ 189,886 165,387
Long-term assets:
Intangible assets ............................................... 3,344 6,756
Investments in subsidiaries ...................................... 310,013 316,586
Loans to subsidiaries ........................................... 184,794 177,639
Provisions on investments in and loans to subsidiaries ................. (2,507) (2,507)
Treasury shares ............................................... 136,590 115,313
Other investments and loans, net of provisions of CHF 10,378 and
CHF 9,564 as of March 31, 2004 and March 31, 2003 ............... 22,117 2,287
Total long-term assets ...................................... 654,351 616,074
Total assets ............................................... CHF844,237 CHF 781,461
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Payablestogroupcompanies..................................... CHF 31,094 CHF 8,838
Accruals and other liabilities ..................................... 2,890 4,416
Deferred unrealized exchange gains ............................... 11,114 14,247
Total current liabilities ...................................... 45,098 27,501
Long-term liabilities:
Payablestogroupcompanies..................................... 291,364 362,112
Total liabilities ............................................ 336,462 389,613
Shareholders’ equity:
Share capital .................................................. 47,902 47,902
Legal reserves:
General reserve ............................................. 66,319 87,597
Reserve for treasury shares .................................... 136,590 115,313
Unappropriated retained earnings ................................. 256,964 141,036
Total shareholders’ equity ................................... 507,775 391,848
Total liabilities and shareholders’ equity ........................ CHF844,237 CHF 781,461
The accompanying notes are an integral part of these financial statements.
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