Menu

Statements of income 2018 and 2017

in thousand CHF   Notes   2018   2017
Sales            
Net sales timber products       52 934   48 056
Net sales CO2 certificates         436
Changes in inventories of finished goods       6   –108
Changes in inventories of CO2 certificates       123   –19
General costs of production       –48 842   –44 184
Total operating income       4 221   4 181
             
Personnel expenses   8    –2 641   –2 800
Administrative expenses       –1 389   –1 272
Audit fees       –139   –156
Earnings before interest, tax, depreciation and amortization (EBITDA)       52   –47
             
Depreciation, amortization and impairment   9    3 542   6 950
Earnings before interest & tax (EBIT)       3 594   6 903
             
Financial income       1 748   1 479
Financial expenses       –1 875   –1 761
Foreign exchange differences       18   –41
Earnings before tax (EBT)       3 485   6 581
             
Taxes       –10   –9
Net income for the year       3 475   6 572

See notes to Precious Woods Holding Ltd financial statements on pages 80 to 84.