Consolidated financial statements

Balance sheet as of 31 December 2016

CHF million

 

Notes

 

2016

%

 

2015

%

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

571

 

 

549

 

Marketable securities

 

 

 

8

 

 

10

 

Trade accounts receivable

 

(3)

 

666

 

 

640

 

Inventories

 

(4)

 

673

 

 

640

 

Income taxes receivable

 

(5)

 

14

 

 

13

 

Other accounts receivable

 

(6)

 

52

 

 

49

 

Prepayments to creditors

 

 

 

19

 

 

14

 

Accrued income

 

 

 

21

 

 

19

 

Current assets

 

 

 

2'024

63

 

1'934

63

 

 

 

 

 

 

 

 

 

Property, plant, and equipment for own use

 

(7)

 

1'026

 

 

988

 

Investment properties

 

(7)

 

37

 

 

39

 

Intangible assets

 

(8)

 

25

 

 

26

 

Deferred tax assets

 

(11)

 

80

 

 

83

 

Other financial assets

 

(10)

 

10

 

 

13

 

Non-current assets

 

 

 

1'178

37

 

1'149

37

 

 

 

 

 

 

 

 

 

Assets

 

 

 

3'202

100

 

3'083

100

 

 

 

 

 

 

 

 

 

Trade accounts payable

 

 

 

470

 

 

420

 

Bonds

 

(13)

 

 

 

200

 

Other financial liabilities

 

(13)

 

145

 

 

158

 

Loans from pension fund institutions

 

(13, 14)

 

29

 

 

27

 

Other liabilities

 

(15)

 

53

 

 

80

 

Prepayments from customers

 

 

 

50

 

 

55

 

Current tax liabilities

 

 

 

59

 

 

45

 

Provisions

 

(12)

 

43

 

 

38

 

Accrued liabilities and deferred income

 

(16)

 

218

 

 

198

 

Current liabilities

 

 

 

1'067

34

 

1'221

39

 

 

 

 

 

 

 

 

 

Bonds

 

(13)

 

523

 

 

299

 

Other financial liabilities

 

(13)

 

96

 

 

113

 

Pension benefit obligations

 

(14)

 

119

 

 

120

 

Other liabilities

 

(15)

 

47

 

 

46

 

Provisions

 

(12)

 

105

 

 

109

 

Deferred tax liabilities

 

(11)

 

45

 

 

45

 

Non-current liabilities

 

 

 

935

29

 

732

24

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

2'002

63

 

1'953

63

 

 

 

 

 

 

 

 

 

Share capital

 

(17)

 

4

 

 

4

 

Capital reserves

 

 

 

24

 

 

24

 

Treasury shares

 

(19)

 

–10

 

 

–6

 

Retained earnings

 

 

 

1'138

 

 

1'059

 

Equity attributable to shareholders of Georg Fischer Ltd

 

 

 

1'156

36

 

1'081

35

 

 

 

 

 

 

 

 

 

Non-controlling interests

 

 

 

44

1

 

49

2

Equity

 

(17)

 

1'200

37

 

1'130

37

 

 

 

 

 

 

 

 

 

Liabilities and equity

 

 

 

3'202

100

 

3'083

100