Logitech 2008 Annual Report Download - page 115

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LISA-5
LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS
Note 1 — Basis of Presentation :
The Swiss statutory financial statements of Logitech International S.A. (“the Holding Company”) are
prepared in accordance with Swiss Law. The financial statements present the financial position and results
of operations of the Holding Company on a standalone basis and do not represent the consolidated financial
position of the Holding Company and its subsidiaries.
Certain prior year financial statement amounts have been reclassified to conform to the current year
presentation with no impact on previously reported net income.
Note 2 — Contingent Liabilities:
Logitech International S.A. issued guarantees to various banks for CHF 79,696,000 for lines of credit
available to its subsidiaries. At March 31, 2008 the aforementioned credit line facilities were not drawn
down.
Note 3 — Investments:
Principal operating subsidiaries include the following:
Company Country
% of
possession Currency Share capital Purpose
Logitech Europe S.A. .... Switzerland 100 CHF 100,000 Administration, research,
development, sales and
distribution
Logitech Inc ........... U.S.A 100 USD 11,522,396 Administration, research,
development, sales and
distribution
Logitech (Intrigue) Inc. . . Canada 100 CAD 1,661,340 Research and
development
Logitech Technology
(Suzhou) Co., Ltd ....
People’s Republic
of China 100 USD 22,000,000 Manufacturing
All subsidiaries are directly or indirectly 100% owned by the Holding Company.