BALANCE SHEET

CHF 1,000

Note

31.12.2025

31.12.2024

Cash and cash equivalents

100

80

Accounts receivable from third parties

5

-

Accounts receivable from Group companies

17

426

Prepaid expenses and accrued income

42

265

Total current assets

164

770

Non-current loans to Group companies

2.1

654,700

614,000

Investments in subsidiaries

2.2

200,000

200,000

Total non-current assets

854,700

814,000

Total assets

854,864

814,770

Current bank loans

2.3

386,000

281,000

Current private placements

2.3

40,000

55,000

Current bonds

2.3

100,000

115,000

Accounts payable to third parties

2

-

Accounts payable to Group companies

211

429

Accrued expenses

1,132

1,642

Total current liabilities

527,345

453,071

Bonds

2.3

100,000

100,000

Total non-current liabilities

100,000

100,000

Total liabilities

627,345

553,071

Share capital

1,280

1,280

Legal capital reserves

– Reserves from capital contributions

65

65

– Other capital reserves

201,513

201,095

Treasury shares

–4,292

–2,540

Available earnings

– Profit carried forward

28,628

59,684

– Profit for the year

325

2,115

Total equity

2.4

227,519

261,699

Total shareholders’ equity and liabilities

854,864

814,770