Balance sheet as of 31 December 2017

CHF million

 

Notes

 

2017

%

 

2016

%

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

624

 

 

571

 

Marketable securities

 

 

 

9

 

 

8

 

Trade accounts receivable

 

(2.1.1)

 

754

 

 

666

 

Inventories

 

(2.2)

 

773

 

 

673

 

Income taxes receivable

 

(2.1.2)

 

9

 

 

14

 

Other accounts receivable

 

(2.1.3)

 

62

 

 

52

 

Prepayments to creditors

 

 

 

30

 

 

19

 

Accrued income

 

 

 

16

 

 

21

 

Current assets

 

 

 

2’277

63

 

2’024

63

 

 

 

 

 

 

 

 

 

Property, plant, and equipment for own use

 

(2.4)

 

1’170

 

 

1’026

 

Investment properties

 

(2.4)

 

36

 

 

37

 

Intangible assets

 

(2.5)

 

29

 

 

25

 

Deferred tax assets

 

(5.3)

 

85

 

 

80

 

Other financial assets

 

(5.2)

 

13

 

 

10

 

Non-current assets

 

 

 

1’333

37

 

1’178

37

 

 

 

 

 

 

 

 

 

Assets

 

 

 

3’610

100

 

3’202

100

 

 

 

 

 

 

 

 

 

Trade accounts payable

 

 

 

593

 

 

470

 

Bonds

 

(3.1.1)

 

150

 

 

 

Other financial liabilities

 

(3.1.1)

 

147

 

 

145

 

Loans from pension fund institutions

 

(3.1.1, 5.1)

 

28

 

 

29

 

Other liabilities

 

(2.3.1, 2.3.2)

 

69

 

 

53

 

Prepayments from customers

 

 

 

65

 

 

50

 

Current tax liabilities

 

 

 

63

 

 

59

 

Provisions

 

(2.6.1)

 

45

 

 

43

 

Accrued liabilities and deferred income

 

(2.6.2)

 

258

 

 

218

 

Current liabilities

 

 

 

1’418

39

 

1’067

34

 

 

 

 

 

 

 

 

 

Bonds

 

(3.1.1)

 

374

 

 

523

 

Other financial liabilities

 

(3.1.1)

 

117

 

 

96

 

Pension benefit obligations

 

(5.1)

 

127

 

 

119

 

Other liabilities

 

(2.3.1)

 

38

 

 

47

 

Provisions

 

(2.6.1)

 

120

 

 

105

 

Deferred tax liabilities

 

(5.3)

 

47

 

 

45

 

Non-current liabilities

 

 

 

823

23

 

935

29

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

2’241

62

 

2’002

63

 

 

 

 

 

 

 

 

 

Share capital

 

(3.4)

 

4

 

 

4

 

Capital reserves

 

 

 

26

 

 

24

 

Treasury shares

 

(3.5)

 

–8

 

 

–10

 

Retained earnings

 

 

 

1’295

 

 

1’138

 

Equity attributable to shareholders of Georg Fischer Ltd

 

 

 

1’317

37

 

1’156

36

 

 

 

 

 

 

 

 

 

Non-controlling interests

 

 

 

52

1

 

44

1

Equity

 

(3.4)

 

1’369

38

 

1’200

37

 

 

 

 

 

 

 

 

 

Liabilities and equity

 

 

 

3’610

100

 

3’202

100