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Assets Pledged or Otherwise Restricted (28) In CHF 1,000

Inventories

2011

2010

3,712

3,243

Property, plant and equipment

1,209

1,263

Total

4,921

4,506

The pledged or restricted assets are used as collateral for outstanding bank loans which are not encumbered with any special conditions. The assets are after the repayment of the credits freely available again. The total credit lines amount to CHF 3.8 million (2010: CHF 3.8 million). The current borrowings amount to CHF 0.5 million (2010: CHF 0.2 million).

Contingent Liabilities (29) As per December 31, 2011 no contingent liabilities exist. The contingent liabilities in the amount of CHF 0.1 million which existed in 2010 resulted mainly from discounted notes given to third parties in the course of normal business operations. Investment commitments from signed contracts for warehouse construction at Bossard AG, Switzerland, not recognized in the balance sheet, amounted to CHF 10.9 million on December 31, 2011.

Events Occuring after Balance Sheet Date (30) Between December 31, 2011 and the approval of the consolidated financial statements by the board of directors, no major events occurred which would require additional disclosures or changes in the consolidated financial statements for 2011.

Exchange Rates (31) 31.12.2011 Year-end exchange rate

01.01.2011– 31.12.2011 Average exchange rate

31.12.2010 Year-end exchange rate

01.01.2010– 31.12.2010 Average exchange rate

1 EUR

1.21

1.23

1.25

1.38

1 USD

0.94

0.89

0.93

1.04

1 GBP

1.45

1.42

1.46

1.61

100 DKK

16.32

16.55

16.79

18.57 14.48

100 SEK

13.64

13.67

13.87

100 CZK

4.76

5.02

4.99

5.47

100 HUF

0.39

0.44

0.45

0.50

100 PLN

27.22

30.06

31.56

34.64 76.46

100 SGD

71.94

70.51

72.72

100 TWD

3.09

3.02

3.20

3.31

100 RMB

14.86

13.72

14.15

15.40 32.38

100 MYR

29.48

28.99

30.42

100 THB

2.96

2.91

3.11

3.29

100 INR

1.75

1.89

2.08

2.28

100 KRW

0.08

0.08

0.08

0.09

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | BOSSARD FINANCIAL report 2011

59

Annual Report 2011  

Bossard Annual Report 2011

Annual Report 2011  

Bossard Annual Report 2011

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