Balance Sheet
| [CHF] |
2002 |
|
2001 |
| Current assets |
|
|
|
| Liquid funds |
73,409,450 |
|
38,635,228 |
| Marketable securities |
13,199,442 |
|
59,083,781 |
| Other receivables and prepayments |
403,145 |
|
1,162,164 |
| Total current assets |
87,012,037 |
|
98,881,173 |
| Non current assets |
|
|
|
Financial assets:
– Investments in subsidiaries |
78,352,028 |
|
72,156,405 |
| – Other investment |
2,204,000 |
|
1,700,000 |
| – Long-term loans to subsidiaries |
166,614,812 |
|
118,091,271 |
Intangible assets
– Incorporation and capital increase costs |
8,105,866 |
|
11,708,474 |
| Total non current assets |
255,276,706 |
|
203,656,150 |
| Total assets |
342,288,743 |
|
302,537,323 |
| Equity and liabilities |
|
|
|
Current liabilities |
|
|
|
| Accounts payable and accrued liabilities |
386,571 |
|
421,005 |
| Total current liabilities |
386,571 |
|
421,005 |
Non current liabilities |
|
|
|
| Long term bank debt |
40,000,000 |
|
– |
| Total non current liabilities |
40,000,000 |
|
– |
| Shareholders’ equity |
|
|
|
| Share capital |
53,441,398 |
|
52,837,150 |
| Legal reserves - share premium |
250,613,275 |
|
251,159,804 |
| Treasury shares reserve |
1,018,035 |
|
|
| Loss carried forward |
(3,170,536) |
|
(1,880,636) |
| Total shareholders’ equity |
301,902,172 |
|
302,116,318 |
| Total liabilities and shareholders’ equity |
342,288,743 |
|
302,537,323 |
|
|
Income Statement
| [CHF] |
2002 |
|
2001 |
| Financial income |
9,218,257 |
|
9,480,339 |
| Total income |
9,218,257 |
|
9,480,339 |
| Administrative expenses |
(689,488) |
|
(923,401) |
| Financial expenses |
(3,188,621) |
|
(5,777,081) |
| Amortization of incorporation and capital increase costs |
(3,602,608) |
|
(3,602,608) |
Changes in value of financial assets
|
(3,027,440) |
|
(3,119,383) |
| Total expenses |
(10,508,157) |
|
(13,422,473) |
| Loss before tax |
(1,289,900) |
|
(3,942,134) |
| Income taxes |
– |
|
– |
| Net loss for the year |
(1,289,900) |
|
(3,942,134) |
|
|
|
