22 Pledged or assigned assets
Assets pledged or restricted on title in part or whole amount to CHF 20 million (previous year: CHF 21 million). In the year under review, CHF 16 million (previous year: CHF 15 million) relate to land and buildings and CHF 4 million (previous year: CHF 5 million) to accounts receivable. There are no pledged or assigned inventories (previous year: CHF 1 million).
The assets are pledged or restricted on title as collateral for bank loans.
