Logitech 2003 Annual Report Download - page 190
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LISA - 3
LOGITECH INTERNATIONAL S.A., APPLES
SWISS STATUTORY STATEMENTS OF INCOME (unconsolidated)
(In thousands of Swiss francs)
2003 2002
Dividend income............................................................................ 26,290CHF 27,772CHF
Royalty fees.................................................................................... 30,068 31,005
Interest income from third parties.................................................. 2,214 954
Interest income from subsidiaries................................................... 9,847 10,227
Realized exchange gains, net of exchange losses........................... - 16,633
Provision on investment................................................................. 3,872 -
Other.............................................................................................. - 1,896
72,291 88,487
Administrative expenses................................................................ 4,298 4,523
Brand development expenses......................................................... 18,783 20,790
Amortization of intangibles............................................................ 6,371 6,310
Interest paid to subsidiaries............................................................ 19,544 11,485
Bank interest and charges............................................................... 37 17
Income, capital and non-recoverable withholding taxes................ 1,428 1,946
Exchange losses, net of realized exchange gains........................... 18,749 -
Loss on disposal of treasury shares................................................ 2,733 -
Provision on investments and other expenses................................ - 10,875
71,943 55,946
Net income..................................................................................... 348CHF 32,541CHF
Year ended March 31,
The accompanying notes are an integral part of these financial statements.