Logitech 2010 Annual Report Download - page 226

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LOGITECH INTERNATIONAL S.A., APPLES
SWISS STATUTORY STATEMENTS OF INCOME (unconsolidated)
(In thousands of Swiss francs)
Year ended March 31,
2010 2009
Dividend income .............................................. CHF11,500 CHF229,809
Royalty fees ................................................. 42,914 47,316
Interest income from third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 920 4,107
Interest income from subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,915 315
Other income ................................................ — 61
59,249 281,608
Administrative expenses ....................................... 4,267 5,096
Brand development expenses .................................... 12,713 17,303
Amortization of intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 256
Interest paid to subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,933 8,101
Income, capital and non-recoverable withholding taxes . . . . . . . . . . . . . . . 2,045 1,987
Loss on disposal of treasury shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,983 44,700
Fair value adjustment of treasury shares . . . . . . . . . . . . . . . . . . . . . . . . . . . — 174,125
Write-down of short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 686 2,057
Realized exchange losses, net of exchange gains ..................... 56 414
Other expenses ............................................... 17 293
34,739 254,332
Net income .................................................. CHF24,510 CHF 27,276
The accompanying notes are an integral part of these financial statements.