Statements of income 2019 and 2018
| in thousand CHF | Notes | 2019 | 2018 | |||
|---|---|---|---|---|---|---|
| Sales | ||||||
| Net sales timber products | 45 623 | 52 934 | ||||
| Net sales CO2 certificates | 82 | – | ||||
| Changes in inventories of finished goods | –49 | 6 | ||||
| Changes in inventories of CO2 certificates | –103 | 123 | ||||
| General costs of production | –41 702 | –48 842 | ||||
| Total operating income | 3 851 | 4 221 | ||||
| Personnel expenses | 7 | –2 877 | –2 641 | |||
| Administrative expenses | –1 386 | –1 389 | ||||
| Audit fees | –165 | –139 | ||||
| Earnings before interest, tax, depreciation and amortization (EBITDA) | –577 | 52 | ||||
| Depreciation, amortization and impairment | 8 / 12 | 5 604 | 3 542 | |||
| Earnings before interest & tax (EBIT) | 5 027 | 3 594 | ||||
| Financial income | 1 678 | 1 748 | ||||
| Financial expenses | 12 | –1 971 | –1 875 | |||
| Foreign exchange differences | –1 424 | 18 | ||||
| Earnings before tax (EBT) | 3 310 | 3 485 | ||||
| Taxes | –10 | –10 | ||||
| Net income for the year | 3 300 | 3 475 |
See notes to Precious Woods Holding Ltd financial statements on pages 90 to 93.