2 Information on balance sheet positions
2.1 Cash and cash equivalents and short-term investments with a quoted market price
This balance sheet position contains securities in the amount of CHF 3.3 million (previous year: CHF 3.5 million).
2.2 Other current receivables due from Corporate Companies
The balance sheet position includes short-term receivables and loans to Corporate Companies and positions from cash pooling with Corporate Companies. These are reported as a gross amount under “Other current receivables due from Corporate Companies” and “Short-term interest-bearing liabilities due from Corporate Companies”.
2.3 Loans to Corporate Companies
The activities of Corporate Companies are, whenever possible and suitable, financed by loans from the Corporation instead of credit facilities from local banks.
2.4 Investments
Direct and indirect investments in Corporate Companies of Georg Fischer Ltd include the companies listed in note 32 of the Annual Report.
2.5 Short-term interest-bearing liabilities due to Corporate Companies
This balance sheet item includes short-term liabilities and loans from Corporate Companies and items from cash pooling with Corporate Companies. These are reported as a gross amount under “Other current receivables due from Corporate Companies” and “Short-term interest-bearing liabilities due to Corporate Companies”.
2.6 Accrued expenses and deferred income
Accrued expenses and deferred income largely comprises variable compensation for employees and fees for the Board of Directors.
2.7 Long-term provisions
This provision mainly concerns currency risks.
2.8 Share capital
As of 31 December 2016, the share capital amounted to 4ʼ100ʼ898 registered shares at a par value of CHF 1.
Conditional capital: As of 31 December 2016, the conditional capital amounted to CHF 0.6 million and can be created by exercising conversion or option rights granted in connection with debenture loans or similar bonds of Georg Fischer Ltd or its Corporate Companies that were issued on the capital markets.
Authorized capital: In accordance with the resolution of the Annual General Meeting of 23 March 2016, the Board of Directors is authorized to increase the share capital, until no later than 22 March 2018, by a maximum amount of CHF 0.6 million, by issuing a maximum of 600ʼ000 fully paid-in registered shares with a nominal value of CHF 1 each. The increase may be made in partial amounts.
The maximum amount of the authorized or conditional capital is reduced by the amount that authorized or conditional capital is created through the issue of bonds or similar debt instruments or new shares.
2.9 Reserves for treasury shares
Georg Fischer Finanz Ltd, a Corporate Company held by Georg Fischer Ltd, owned 12ʼ338 registered shares of Georg Fischer Ltd on the balance sheet date. Accordingly, a reserve for treasury shares was set up at Georg Fischer Ltd.
