Statutory financial statements

Income statement

   

1.1.–31.12.2018

 

1.1.–31.12.2017

 

Notes

 

CHF 1,000

 

CHF 1,000

Income from investments

 

 

64,688

 

59,056

Income from sale of investments

 

 

 

401

Change in value adjustments and provisions

3

 

2,737

 

5,973

Other operational income

3

 

28,946

 

27,555

Total operating income

 

 

96,371

 

92,985

Personnel expenses

 

 

(23,690)

 

(20,257)

Other operational costs

 

 

(10,371)

 

(9,755)

Depreciation and valuation adjustments on fixed asset items

 

 

(103)

 

(537)

Operating earnings before interest and taxes

 

 

62,207

 

62,436

Financial income

 

 

12,882

 

12,147

Financial expenses

 

 

(10,944)

 

(11,536)

Operating earnings before taxes

 

 

64,145

 

63,047

Direct taxes

 

 

(120)

 

(837)

Profit for the year

 

 

64,025

 

62,210

Balance Sheet

ASSETS

  

31.12.2018

 

31.12.2017

 

Notes

 

CHF 1,000

 

CHF 1,000

Cash and cash equivalents and current assets with a stock exchange price

3

 

326,708

 

405,646

Trade receivables from third parties

 

 

315

 

1

Trade receivables from Group companies

 

 

1,952

 

3,017

Other current receivables from third parties

 

 

410

 

322

Other current receivables from Group companies

 

 

141,948

 

119,764

Accrued income and prepaid expenses

 

 

5,034

 

4,202

Total current assets

 

 

476,367

 

532,952

Financial assets from third parties

3

 

1,837

 

1,007

Financial assets from Group companies

3

 

218,152

 

237,659

Investments in Group companies

 

 

343,870

 

327,829

Property, plant and equipment

 

 

47

 

57

Intangible assets

 

 

19

 

112

Total non-current assets

 

 

563,925

 

566,664

Total assets

 

 

1,040,292

 

1,099,616

EQUITY AND LIABILITIES

  

31.12.2018

 

31.12.2017

 

Notes

 

CHF 1,000

 

CHF 1,000

Trade payables to third parties

 

 

275

 

969

Trade payables to Group companies

 

 

57

 

165

Current interest-bearing liabilities to Group companies

 

 

123,157

 

206,423

Other current liabilities to third parties

 

 

1,473

 

597

Deferred income and accrued expenses

 

 

11,975

 

11,844

Total current liabilities

 

 

136,937

 

219,998

Long-term interest-bearing liabilities to third parties

5

 

492,359

 

495,001

Long-term interest-bearing liabilities to Group companies

 

 

6,134

 

16,783

Total non-current liabilities

 

 

498,493

 

511,784

Share capital

3

 

18,841

 

18,841

Statutory capital reserves

 

 

 

 

 

– Reserves from capital contributions

 

 

132

 

132

Statutory retained earnings

 

 

16,185

 

16,185

Profit carried forward

 

 

310,147

 

284,556

Profit for the year

 

 

64,025

 

62,210

Treasury shares

3

 

(4,468)

 

(14,090)

Total equity

 

 

404,862

 

367,834

Total equity and liabilities

 

 

1,040,292

 

1,099,616