Consolidated balance sheet

CHF thousand	Note	31.12.2024	31.12.2023

Assets

Tangible assets	15	885,083	862,695
Intangible assets	16	69,670	40,049
Investments in associates and joint ventures	17	24,565	25,513
Non-current financial assets	18	29,127	27,639
Deferred tax assets	19	37,203	38,626
Other non-current receivables	20	7,420	-
Non-current assets		1,053,068	994,522

Inventories	21	56,217	50,108
Trade accounts receivable	22	74,605	90,200
Other current receivables	23	66,197	88,505
Prepaid expenses and accrued income	24	367,482	327,331
Current financial assets	25	1,693	186,684
Positive replacement values of held for trading positions	26	253,489	543,820
Cash and cash equivalents	27	362,595	360,685
Current assets		1,182,278	1,647,333

Total assets		2,235,346	2,641,855

CHF thousand	Note	31.12.2024	31.12.2023

Liabilities and shareholders' equity

Share capital		7,391	7,391
Treasury shares	38	–108	–68
Capital reserves		28,358	87,483
Retained earnings (including group earnings)		1,122,921	988,195
Accumulated translation differences		–31,346	–31,740
Shareholders’ equity excluding minorities		1,127,216	1,051,261
Minorities		53,466	89,683
Shareholders’ equity		1,180,682	1,140,944

Non-current provisions	28	22,064	20,147
Deferred tax liabilities	19	22,386	20,924
Non-current financial liabilities	29	199,343	218,618
Other non-current liabilities	30	105,999	104,849
Non-current liabilities		349,792	364,538

Current financial liabilities	29	85,970	228,220
Negative replacement values of held for trading positions	26	136,133	394,764
Current provisions	28	6,930	1,503
Trade accounts payable	31	100,351	104,280
Other current liabilities	32	70,282	99,079
Deferred income and accrued expenses	33	305,206	308,527
Current liabilities		704,872	1,136,373

Liabilities		1,054,664	1,500,911

Total liabilities and shareholders’ equity		2,235,346	2,641,855