114 / 144
The calculation of net debt was redefined in 2016. Net debt comprises total borrowings less cash and
cash equivalents, time deposits with original maturities between 3 and 12 months, and marketable
securities. The prior year figure was adjusted accordingly.
33 Exchange rates for currency translation
CHF
ISO
code Units
Average rate
2016
Average rate
2015
Year-end rate
2016
Year-end rate
2015
Argentine peso
ARS 100
6.70
10.41
6.42
7.64
Brazilian real
BRL
1
0.28
0.30
0.31
0.25
Canadian dollar
CAD
1
0.75
0.76
0.76
0.71
Chinese yuan
CNY 100
14.89
15.38
14.67
15.25
Czech koruna
CZK 100
4.03
3.94
3.97
4.00
Euro
EUR
1
1.09
1.07
1.07
1.08
Pound sterling
GBP
1
1.34
1.48
1.25
1.47
Indian rupee
INR 100
1.47
1.50
1.50
1.49
Mexican peso
MXN 100
5.32
6.09
4.93
5.73
Polish złoty
PLN 100
25.01
25.64
24.35
25.51
United States dollar
USD
1
0.99
0.97
1.02
0.99
34 Events after balance sheet date
There were no events between December 31, 2016, and March 1, 2017, which would necessitate
adjustments to the book value of the Group’s assets or liabilities, or which require additional
disclosure in the consolidated financial statements.
35 Proposal of the Board of Directors
For the year ended December 31, 2016, the Board of Directors proposes to the Annual General Meeting
on March 30, 2017, a dividend of CHF 6.50 per share entitled to dividends. This represents
a total distribution up to CHF 30.4 million. In 2016, a total dividend of CHF 20.9 million (CHF 4.50
per share entitled to dividends) was distributed to the shareholders of Autoneum Holding Ltd.
110
Autoneum
Financial Report 2016
Consolidated Financial Statements