Logitech 2004 Annual Report Download - page 129
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LOGITECH INTERNATIONAL S.A., APPLES
SWISS STATUTORY STATEMENTS OF INCOME (unconsolidated)
(In thousands of Swiss francs)
Year ended March 31,
2004 2003
Dividendincome .................................................. CHF153,392 CHF 26,290
Royalty fees ...................................................... 32,146 30,068
Interest income from third parties ..................................... 1,668 2,214
Interest income from subsidiaries ..................................... 10,183 9,847
Realized exchange gains, net of exchange losses ......................... 12,648 —
Provision on investment ............................................ — 3,872
Other ........................................................... 7,396 —
217,433 72,291
Administrative expenses ............................................ 2,942 4,298
Branddevelopmentexpenses ........................................ 20,360 18,783
Amortization of intangibles .......................................... 3,711 6,371
Interest paid to subsidiaries .......................................... 21,490 19,544
Bank interest and charges ........................................... — 37
Income, capital and non-recoverable withholding taxes .................... 892 1,428
Exchange losses, net of realized exchange gains .......................... — 18,749
Loss on disposal of treasury shares .................................... 43,037 2,733
Provision on investments and other expenses ............................ 9,034 —
Other ........................................................... 39 —
101,505 71,943
Netincome....................................................... CHF115,928 CHF 348
The accompanying notes are an integral part of these financial statements.
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