Statement of financial position

Assets CHF Notes 31 Dec 2015 % 31 Dec 2014 %
Current assets          
Cash and cash equivalents   76,849,617 6.2 258,153,369 14.1
Accounts receivable 1          
– from third parties   54,050 0.0 0 0.0
– from subsidiaries   178,147,307 14.5 71,969,900 4.0
Other receivables 1          
– from third parties   14,208,640 1.2 1,992 0.0
– from subsidiaries   8,547,847 0.6 0 0.0
Prepaid expenses   951,964 0.1 1,704,458 0.1
Total current assets   278,759,425 22.6 331,829,719 18.2
           
Non-current assets          
Financial assets          
– Loans to subsidiaries   948,978,905 77.0 986,518,554 54.1
– Other financial assets   0 0.0 344,986 0.0
Investments in subsidiaries [2] 100,000 0.0 501,696,025 27.5
Tangible fixed assets          
– Land and building   4,460,000 0.4 4,460,000 0.2
– Furniture, fixtures and equipment          
– Hardware, PC’s, Installations   185,382 0.0 1 0.0
Total non-current assets   953,724,287 77.4 1,493,019,566 81.8
           
Total assets   1,232,483,712 100.0 1,824,849,285 100.0

1 Adjusted to follow the new presentation rules, please refer to explanatory notes.

Equity and liabilities CHF Notes 31 Dec 2015 % 31 Dec 2014 %
           
Current liabilities          
Accounts payable 1          
– to third parties   472,585 0.0 9,190,515 0.5
– to subsidiaries   115,012,203 9.3 369,152,850 20.2
Bank overdrafts 1   157,595,322 12.8 174,643,094 9.6
Other payables 1          
– to third parties   9,493,602 0.8 1,625,319 0.1
– to subsidiaries   14,202,389 1.2 0 0.0
Accrued expenses   1,781,011 0.1 20,097,999 1.1
Total current liabilities   298,557,112 24.2 574,709,777 31.5
           
Non-current liabilities          
Long-term interest bearing liabilities          
– Bond [3] 200,000,000 16.2 200,000,000 11.0
– Bank loans 1 [3] 20,000,000 1.6 15,000,000 0.8
– Loans from subsidiaries   9,797,510 0.8 18,196,800 1.0
Long-term non-interest bearing liabilities          
– Provisions   1,843,284 0.2 238,974,000 13.1
Total non-current liabilities   231,640,794 18.8 472,170,800 25.9
           
Total liabilities   530,197,906 43.0 1,046,880,577 57.4
           
Equity 1 [4]        
Share capital   3,998,400 0.3 3,998,400 0.2
Legal capital reserves [4]        
– Reserve from capital contribution [4] 331,841,427 26.9 347,666,062 19.0
– Other capital reserves   58,369,715 4.7 58,503,934 3.2
Legal retained earnings   8,000,000 0.6 8,000,000 0.4
Voluntary retained earnings          
– Retained earnings based on decision by annual meeting   376,566,962 30.6 280,673,935 15.4
– Net result   –62,239,798 –5.0 95,893,027 5.3
Treasury shares [5] –14,250,900 –1.1 –16,766,650 –0.9
Total equity   702,285,806 57.0 777,968,708 42.6
           
Total equity and liabilities   1,232,483,712 100.0 1,824,849,285 100.0

1 Adjusted to follow the new presentation rules, please refer to explanatory notes.