5 Year Review

 2008-2007 Totals
 2008-2004 Charts
 5 Year Review
L
Results in millions of CHF.
  2008 2007 2006 2005(a) 2004(b)
109 107 98 91 84
Sales 
908 552 458 115 690
EBIT (Earnings Before Interest, Taxes, 13 11 10
15 676 15 024
restructuring and impairments) 302 876 760
as % of sales 14.3% 14.0% 13.5% 13.0% 12.7%
Taxes 3 787 3 416 3 293 2 647 2 404

Net profit (Profit for the period attributable to

18 039 10 649 9 197 8 081 6 621
shareholders of the parent)
as % of sales 16.4% 9.9% 9.3% 8.9% 7.8%
as % of average equity 34.9% 20.7% 18.7% 18.6% 17.4%

5
Total amount of dividend 4 691 4 004 3 471 3 114
127(c)
Depreciation of property, plant and equipment 2 625 2 620 2 581 2 382 2 454
as % of sales 2.4% 2.4% 2.6% 2.6% 2.9%
Amortisation of goodwill (d) - - - - 1 583

Balance sheet and Cash flow statement in millions of CHF.

  2008 2007(a) 2006(b) 2005 2004
35
Current assets 33 048 35 770 35 305 41 765
285
15
of which liquid assets 7 131 9 496 11 475 17 393
282
51
Non-current assets 73 167 79 591 66 500 60 953
832
106 115 101 102 87
Total assets
215 361 805 718 117
29
Current liabilities 33 223 43 326 32 479 35 854
075
Non-current liabilities 18 076 17 259 16 478 17 796 17
Balance sheet and Cash flow statement in millions of CHF.
  2008 2007(a) 2006(b) 2005 2004
743
Equity attributable to shareholders of the 39
50 774 52 627 50 991 47 498
parent 236
Minority interests 4 142 2 149 1 857 1 570 1 063
10
Operating cash flow 10 763 13 439 11 676 10 205
412
Free cash flow (e) 5 033 8 231 7 018 6 557 6 640
Capital expenditure 4 869 4 971 4 200 3 375 3 260
as % of sales 4.4% 4.6% 4.3% 3.7% 3.8%

Balance sheet and Cash flow statement in CHF.

  2008 2007 2006(a) 2005(b) 2004
Weighted average
number of shares 3 704.6 3 828.8 3 848.0 3 888.1 3 884.5
outstanding (in millions)
Basic earnings per share
from continuing 4.87 2.78 2.37 2.08 1.70
operations
Basic earnings per share
from discontinued - - 0.19 (0.04) 0.07
operations
Equity attributable to
shareholders of the 13.71 13.75 13.25 12.22 10.10
parent
Dividend 1.40(f) 1.22 1.04 0.90 0.80
Pay-out ratio (based on
Total basic earnings per 28.7%(f) 43.9% 43.5% 43.3% 46.9%
share)
Stock exchange
52.95/38.02 55.35/42.65 44.83/35.50 40.43/29.83 34.60/27.60
prices(high/low)
Yield (g) 2.6/3.7%(f) 2.2/2.9% 2.3/2.9% 2.2/3.0% 2.3/2.9%
Market capitalisation 150 409 195 661 166 152 152 576 115 237
Number of personnel (in
283 276 265 250 244
thousands)