Consolidated Statement of Financial Position

For the year ended 31 December

in millions of Swiss francs Note 2010 2009
Cash and cash equivalents 16 805 825
Derivative financial instruments 4 91 35
Derivatives on own equity instruments 25 26 14
Available-for-sale financial assets 4, 17 54 18
Accounts receivable – trade 4, 18 717 685
Inventories 19 735 633
Current income tax assets 14 44 73
Assets held for sale 20 10 12
Other current assets 4 127 94
Current assets 2,609 2,389
Property, plant and equipment 21 1,312 1,437
Intangible assets 22 2,705 3,014
Deferred income tax assets 14 91 47
Assets for post-employment benefits 6 98 71
Financial assets at fair value through income statement 4 24
Jointly controlled entities 8 3 6
Other long-term assets 17 81 119
Non-current assets 4,314 4,694
Total assets 6,923 7,083
Short-term debt 23 314 791
Derivative financial instruments 4 40 29
Accounts payable – trade and others 4 344 322
Accrued payroll & payroll taxes 121 92
Current income tax liabilities 14 83 69
Financial liability: own equity instruments 25 30 30
Provisions 24 35 19
Other current liabilities 140 114
Current liabilities 1,107 1,466
Derivative financial instruments 4 55 54
Long-term debt 23 1,844 2,282
Provisions 24 90 100
Liabilities for post-employment benefits 6 120 130
Deferred income tax liabilities 14 202 186
Other non-current liabilities 59 53
Non-current liabilities 2,370 2,805
Total liabilities 3,477 4,271
Share capital 26 92 85
Retained earnings and reserves 26 4,632 3,741
Hedging reserve 26 (47) (45)
Own equity instruments 25, 26 (112) (132)
Fair value reserve for available-for-sale financial assets 9 8
Cumulative translation differences (1,128) (852)
Equity attributable to equity holders of the parent 3,446 2,805
Non-controlling interests 31 7
Total equity 3,446 2,812
Total liabilities and equity 6,923 7,083

The notes to the consolidated financial statements form an integral part of these financial statements.

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