Balance Sheet

CHF thousand	Note	December 31, 2016	December 31, 2015

ASSETS
Cash and cash equivalents		17,425	10,182
Marketable securities and short-term financial assets		440,000	261,895
Accounts receivable
from third parties		8,890	7,301
from subsidiaries		5,026	1,978
Other receivables
from subsidiaries		–	83,091
Loans to subsidiaries		–	260,000
Accrued income
from third parties		–	1
from subsidiaries		31,260	23,197
Total current assets		502,601	647,645

Loans to subsidiaries		430,000	170,000
Investments	4	857,965	855,683
Intangible assets		501,210	501,210
Total non-current assets		1,789,175	1,526,893

Total assets		2,291,776	2,174,538

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable to subsidiaries		1,732	–
Short-term interest-bearing liabilities
to third parties		–	83,091
to subsidiaries		73,752	70,804
Other accounts payable
to third parties		1,048	428
Bonds	5	250,000	–
Tax liabilities		19,831	13,749
Accrued liabilities
to third parties		3,679	3,350
to subsidiaries		12	10
Total current liabilities		350,054	171,432

Bonds	5	750,000	1,000,000
Total non current liabilities		750,000	1,000,000

Share capital		13,609	13,609
Participation capital		10,131	9,885
Reserve from capital contribution	7	85,879	114,856
General legal reserve		76,040	76,040
Special reserve	7	773,074	653,983
Retained earnings
Balance brought forward from previous year		34,175	36,032
Net income for the year		299,129	211,766

Treasury stock	6	– 100,315	– 113,065
Total shareholders’ equity		1,191,722	1,003,106

Total liabilities and shareholders’ equity		2,291,776	2,174,538