At a glance Financial Reports Press Releases Agenda The Belimo Share Corporate Governance Group Structure Company Presentation Articles of Incorporation Annual General Meeting Sustainability Report Financial Analysts Contact			Annual Report 2008 Semiannual Report 2009 - Consolidated financial statements of the Belimo Group - Semiannual Report in PDF Format (140 KB) Annual Report 2008 - Consolidated financial statements of the Belimo Group - Financial statements of BELIMO Holding AG - Annual Report in PDF Format (1.4 MB) Semiannual Report 2008 - Consolidated financial statements of the Belimo Group - Semiannual Report in PDF-Format (84 KB) Order printed version Archive: Reports 1994 - 2007 Consolidated financial statements of the Belimo Group Balance sheet at December 31 Income statement Statement of changes in equity Cash flow statement Cash flow statement Excel Download in CHF 1 000 Note 2008 2007 Net income 46 148 46 090 Income taxes 23 9 732 9 959 Interest result 22 529 - 109 Depreciation of property, plant and equipment 9 10 238 9 983 Amortization of intangible assets 10 3 811 2 152 Income from the sale of property, plant and equipment 9 - 75 - 30 Other non-cash items - 68 - 991 Change in accounts receivable and other current assets 6, 7 - 2 958 - 2 747 Change in inventories 8 - 1 794 - 1 092 Change in accounts payable and other current liabilities 13, 14 5 118 - 4 996 Change in provisions 15 624 - 60 Income tax paid - 10 673 - 10 914 Cash flow from operating activities 60 632 47 246 Investments in property, plant and equipment 9 - 9 496 - 12 410 Investments in intangible assets 10 - 1 584 - 3 245 Disposal of financial assets 5 115 13 Disposal of property, plant and equipment 9 240 136 Interest received 1 170 1 781 Acquisition of companies minus acquired cash and cash equivalents 2 - 4 630 0 Cash flow from investing activities - 14 185 - 13 724 Free cash flow 46 447 33 522 Nominal share capital repayment 17 0 - 5 798 Purchase of own shares 17 - 4 939 - 98 Purchase of own shares (via share buyback program) 17 0 - 47 015 Sale of own shares 17 0 3 831 Dividends paid 17 - 27 458 - 19 236 Interest paid - 1 794 - 1 549 Repayment / assumption of current interest-bearing liabilities 12 - 9 489 9 887 Cash flow from financing activities - 43 680 - 59 978 Translation differences - 1 288 - 41 Net cash and cash equivalents increase / decrease 1 480 - 26 497 Net cash and cash equivalents at beginning of period 26 408 52 905 Net cash and cash equivalents at end of period 4 27 888 26 408 [Copyright (c)2012 BELIMO Automation AG. All rights reserved.]