Logitech 2008 Annual Report Download - page 114

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LISA-4
LOGITECH INTERNATIONAL S.A., APPLES
SWISS STATUTORY STATEMENTS OF INCOME (unconsolidated)
(In thousand of Swiss francs)
Year ended March 31,
2008 2007
Dividend income .............................................. CHF251,870 CHF 107,785
Royalty fees ................................................. 56,377 51,330
Interest income from third parties ................................ 10,578 4,906
Interest income from subsidiaries ................................ 864 858
Realized exchange gains, net of exchange losses ..................... 22 287
Gain on disposal of investment .................................. — 10,412
Other Income ................................................ — 5
319,711 175,583
Administrative expenses ....................................... 5,676 5,948
Brand development expenses .................................... 17,638 26,354
Amortization of intangibles ..................................... 279 392
Interest paid to subsidiaries ..................................... 12,626 4,650
Income, capital and non-recoverable withholding taxes ............... 2,229 2,206
Loss on disposal of treasury shares ............................... 66,005 75,095
Fair value adjustment of treasury shares ........................... 88,192 —
Realized loss on sales of short-term investments, net of realized gains . . . 9,976
Write-down of short-term investments ............................ 50,926 —
Other Expenses ............................................... 12 533
253,559 115,178
Net income .................................................. CHF 66,152 CHF 60,405
The accompanying notes are an integral part of these financial statements.