Balance sheet

CHF thousand	Note	31.12.2024	31.12.2023

Assets

Cash and cash equivalents	9	290,867	301,180
Positive replacement values of held for trading positions	10	241,783	521,037
Current financial assets		1,693	186,548
Trade accounts receivable	11	30,179	115,049
Other receivables	12	23,387	37,805
Inventories	13	9,272	6,118
Prepaid expenses and accrued income	14	375,149	349,653
Current assets		972,330	1,517,390

Non-current financial assets	15	73,433	52,651
Other non-current receivables	16	7,420	-
Shareholdings	17	295,767	229,635
Tangible assets	18	454,723	430,117
Intangible assets	19	26,594	26,715
Non-current assets		857,937	739,118

Total assets		1,830,267	2,256,508

CHF thousand	Note	31.12.2024	31.12.2023

Liabilities and shareholders’ equity

Trade accounts payable	20	17,631	23,203
Current interest-bearing liabilities	21	23,530	173,150
Other current liabilities	22	8,036	24,816
Negative replacement values of held for trading positions	10	124,908	377,337
Deferred income and accrued expenses	23	344,583	400,056
Current provisions	24	5,740	1,503
Current liabilities		524,428	1,000,065

Non-current interest-bearing liabilities	25	72,353	95,465
Other non-current liabilities	26	59,403	57,398
Non-current provisions	24	2,835	6,095
Non-current liabilities		134,591	158,958

Liabilities		659,019	1,159,023

Share capital		7,391	7,391
Legal reserve from capital		10,654	69,778
Legal reserve from retained earnings		17,123	17,123
Other reserves		527,009	527,010
Treasury shares		–108	–68
Retained earnings carried forward		476,251	143,226
Net income for the year		132,928	333,025
Shareholders' equity	27	1,171,248	1,097,485

Total liabilities and shareholder’s equity		1,830,267	2,256,508