Consolidated balance sheet

Assets		31.12.2010	30.06.2011
CHF thousands		audited	unaudited


	Property, plant and equipment	1,091,090	1,087,344
	Intangible assets	46,547	20,898
	Investments in associates and partner plants	51,784	48,826
	Other financial assets	63,400	68,916
	Deferred tax assets	14,915	14,146
Non – current assets		1,267,736	1,240,130


	Inventories	30,154	31,622
	Receivables	478,724	546,003
	Prepaid expenses and accrued income	16,340	27,397
	Securities and other financial instruments	5,889	79,628
	Positive replacement values, held-for-trading positions	125,140	130,103
	Cash and cash equivalents	349,975	374,776
Current assets		1,006,222	1,189,528

Total assets		2,273,958	2,429,658

Liabilities and shareholders' equity		31.12.2010	30.06.2011
CHF thousands		audited	unaudited


	Share capital	2,783	2,783
	Participation capital	625	625
	Treasury shares	-16	-16
	Capital reserves	17,732	17,732
	Fair value adjustment of financial instruments	-1,798	-1,198
	Retained earnings (including Group profit)	893,937	898,536
	Accumulated translation differences	-39,988	-45,338
	Shareholders' equity excluding minority interests	873,275	873,124
	Minority interests	48,647	48,071
Shareholders' equity		921,922	921,195

	Non – current provisions	28,159	29,200
	Deferred tax liabilities	67,854	71,631
	Non – current financial liabilities	599,495	568,100
	Other non – current liabilities	56,782	61,747
Non – current liabilities		752,290	730,678

	Current income tax liabilities	32,717	25,040
	Current financial liabilities	66,120	127,773
	Negative replacement values, held-for-trading positions	99,361	104,417
	Current provisions	37,801	37,347
	Other current liabilities	333,411	445,444
	Deferred income and accrued expenses	30,336	37,764
Current liabilities		599,746	777,785
Liabilities		1,352,036	1,508,463

Total liabilities and shareholders' equity		2,273,958	2,429,658

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