Business transactions with related parties and companies are based on standard commercial contractual forms and conditions. All transactions are included in the 2016 and 2015 consolidated financial statements. There are loans and services from and to related parties and companies. The respective balances from financial receivables are reported separately in these financial statements (see Note 14).

Among the companies controlled by members of the Boards of Directors is the investment firm Be Capital SA, which is controlled by Stéphane Bonvin.

In 2016, CHF 25 million was distributed to the former sole shareholder Stéphane Bonvin as a cash dividend. The financial assets of related parties were consequently reduced by CHF 15.0 million and as at 31 December 2016 amounted to CHF 30.0 million (2015: CHF 45.0 million). As at 31 December 2016 the trade receivables from Be Capital SA amounted to CHF 0.6 million (2015: CHF 0.0 million).

In May 2016, 100% of the shares in Ooh networks Sàrl, Lens, were sold to Be Capital SA at carrying value (CHF 0.02 million).

The consolidated income statement contains revenue amounting to CHF 1.1 million (2015: CHF 0.1 million) from the letting of three hotels in Fribourg, Rothrist and Sion to companies controlled by Stéphane Bonvin. 

In 2015, CHF 9.9 million was distributed to the shareholder: CHF 5.1 million as a cash dividend, and the remaining CHF 4.8 million by transferring unconsolidated equity interests and receivables from these companies at their net market value.