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Notes to the financial statements of Autoneum Holding Ltd
1 Principles
General
Autoneum Holding Ltd was incorporated on December 2, 2010, as a Swiss corporation headquartered
in Winterthur. The company does not have any employees.
These financial statements were prepared according to the provisions of the Swiss Law on Accoun-
ting and Financial Reporting (32
nd
title of the Swiss Code of Obligations) for the first time. The
presentation of the prior year figures was adjusted accordingly to allow comparability. Where not
prescribed by law, the significant accounting and valuation principles applied are described below.
Loans
Loans granted in foreign currencies are translated at the rate at the balance sheet date, whereby
unrealized losses are recorded but unrealized profits are not recognized. In the case where the
currency effect of loans is hedged, both unrealized losses and profits are recognized.
Treasury shares
Treasury shares are recognized at acquisition cost and deducted from shareholders’ equity at
the time of acquisition. In case of a sale, the gain or loss is recognized in the income statement as
financial income or financial expenses.
Financial liabilities due to banks and bond
Financial liabilities are recognized in the balance sheet at nominal value. The issue costs for the
bond and for finance agreements are recognized as accruals due from third parties and amortized
on a straight-line basis over the maturity period.
2 Other financial income
CHF million
2015
2014
Interest income
10.3
15.0
Net foreign exchange gains
-
4.0
Other financial income
0.1
0.8
Total
10.4
19.9
3 Financial expenses
CHF million
2015
2014
Interest expenses
7.3
9.1
Net foreign exchange losses
8.6
-
Other financial expenses
0.7
-
Total
16.6
9.1
111
Autoneum Financial Report 2015
Financial statements of Autoneum Holding Ltd