Notes to the interim consolidated financial statements

1 Accounting and valuation principles

General information

The consolidated semi-annual financial statements presented here comprise the unaudited semi-annual financial statements for the six months to 30 June 2018. This interim report has been prepared in accordance with Swiss GAAP FER 31 Complementary Recommendation for Listed Companies in abridged form, and should therefore be read in conjunction with the consolidated financial statements for the year to 31 December 2017.

The presentation of the derivation of cash flow from operating activities has been revised. Instead of the subtotal for cash flow from operating activities before change in net current assets, the key performance indicator (KPI) funds from operations (FFO) is stated as a subtotal. This figure includes the change in replacement values of held-for-trading positions.

Currencies

The following exchange rates were used as a basis for converting the figures in the income statement and balance sheet into CHF: