7.1 Information by business segment
CHF 1,000 Machining Automation Corporate / Eliminations Total Group
2013 2012 2013 2012 2013 2012 2013 2012
Net sales – third party 124,645 134,098 116,502 101,181 0 0 241,147 235,279 Net sales – group 536 245 343 35 -879 -280 0 0
Total net sales 125,181 134,343 116,845 101,216 -879 -280 241,147 235,279
Operating result 6,242 9,894 -4,587 -1,579 1,302 796 2,957 9,111
Earnings before interest and taxes
(EBIT) 6,242 9,894 -4,587 -1,579 3,542 2,901 5,197 11,216
CHF 1,000 Machining Automation Corporate / Eliminations Total Group
31.12.2013 31.12.2012 31.12.2013 31.12.2012 31.12.2013 31.12.2012 31.12.2013 31.12.2012
Assets excluding cash and cash
equivalents and current financial assets 109,179 110,235 61,328 57,763 15,276 18,788 185,783 186,786 Cash and cash equivalents 2,190 1,192 4,113 2,788 26,981 21,693 33,284 25,673 Current financial assets 0 0 0 0 13,075 18,649 13,075 18,649
Mikron Annual Report 2013 |91
Mikron Group Financial Report 2013
7.2 Information by geographical segment
Net sales CHF 1,000 2013 2012 Switzerland 25,107 33,036 Europe 156,637 150,311 North America 29,801 25,393 Asia/Pacific, India 24,341 23,267 Others 5,261 3,272
Mikron Annual Report 2013 |93
Report of the Statutory Auditor
Report of the statutory auditor to the general meeting of Mikron Holding AG Biel
Report of the statutory auditor on the consolidated financial statements
As statutory auditor, we have audited the accompanying consolidated financial statements of Mikron Holding AG, which comprise the balance sheet, income statement, statement of changes in equity, cash flow statement and notes (pages xx to xx and page xx), for the year ended December 31, 2011.
Board of Directors’ Responsibility
The Board of Directors is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Swiss GAAP FER and the requirements of Swiss law. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation and fair presentation of consolidated financial statements that are free from materi- al misstatement, whether due to fraud or error. The Board of Directors is further responsible for select- ing and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial state- ments, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control system relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasona- bleness of accounting estimates made, as well as evaluating the overall presentation of the consolidat- ed financial statements. We believe that the audit evidence we have obtained is sufficient and appro- priate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements for the year ended December 31, 2011 give a true and fair view of the financial position, the results of operations and the cash flows in accordance with Swiss GAAP FER and comply with Swiss law.
PricewaterhouseCoopers Ltd, Bahnhofplatz 10, Postfach, 3001 Bern Telephone: +41 58 792 75 00, Facsimile: +41 58 792 75 10, www.pwc.ch Report of the statutory auditor
to the general meeting of Mikron Holding AG Biel
Report of the statutory auditor on the consolidated financial statements
As statutory auditor, we have audited the consolidated financial statements of Mikron Holding AG, which comprise the balance sheet, income statement, statement of changes in equity, cash flow statement and notes (pages 66 to 91 and 107), for the year ended December 31, 2013.
Board of Directors’ Responsibility
The Board of Directors is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Swiss GAAP FER and the requirements of Swiss law. This responsibility includes designing, imple- menting and maintaining an internal control system relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. The Board of Directors is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We con- ducted our audit in accordance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consoli- dated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assess- ments, the auditor considers the internal control system relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements for the year ended December 31, 2013 give a true and fair view of the financial position, the results of operations and the cash flows in accordance with Swiss GAAP FER and comply with Swiss law.
Report on other legal requirements
We confirm that we meet the legal requirements on licensing according to the Auditor Oversight Act (AOA) and inde- pendence (article 728 CO and article 11 AOA) and that there are no circumstances incompatible with our independence. In accordance with article 728a paragraph 1 item 3 CO and Swiss Auditing Standard 890, we confirm that an internal control system exists which has been designed for the preparation of consolidated financial statements according to the instructions of the Board of Directors.
We recommend that the consolidated financial statements submitted to you be approved. PricewaterhouseCoopers Ltd
Oliver Kuntze ManuelMichel Audit expert Audit expert Auditor in charge