4 Additional information

4.1 Contingent liabilities

CHF 1’000

31.12.2022

31.12.2021

 

 

 

Guarantees and pledges to GF Corporate Companies in favor of third parties

1’342’541

1’511’095

Guarantees to third parties

63’657

90’266

Guaranteed maximum amount

1’406’198

1’601’361

Thereof utilized

549’894

755’381

The decrease in guarantees and pledges to GF Corporate Companies in favor of third parties is mainly due to a bond repayment on 12 September 2022 of Georg Fischer Finanz Ltd in the amount of CHF 150 million.

In addition, Georg Fischer Ltd bears joint liability with regard to the Swiss Federal Tax Administration for the amounts due of value-added tax of all the Swiss GF Corporate Companies.

4.2 Pension fund obligations

At year-end 2022, there were no pension fund obligations (previous year: CHF 1.7 million).

4.3 Residual amounts of lease liabilities

As in the previous year, there are no material lease liabilities which cannot be terminated within twelve months.

4.4 Significant shareholders

An overview can be found in the Corporate Governance Report (GF share and shareholders).

4.5 Shareholdings of members of the Board of Directors and Executive Committee

As at 31 December 2022 and 2021, members of the Board of Directors as well as parties related to them held the following number of Georg Fischer shares:

Member

Function

31.12.2022

31.12.2021 1

 

 

 

 

Yves Serra

Chairman Board of Directors

186’700

180’900

Hubert Achermann

Vice Chairman Board of Directors Independent Lead Director

20’780

17’780

Riet Cadonau

Member

20’100

17’100

Peter Hackel

Member

8’140

5’140

Roger Michaelis

Member

32’120

29’120

Eveline Saupper

Member

33’340

30’340

Jasmin Staiblin

Member

35’080

32’680

Ayano Senaha 2

Member

2’084

 

Total Board of Directors

 

338’344

313’060

1 In April 2022, a 1:20 share split was conducted, see note 3.11. Previous year figures have been adjusted accordingly.

2 Elected to the Board of Directors on 20 April 2022.

As at 31 December 2022 and 2021, members of the Executive Committee as well as parties related to them held the following number of Georg Fischer shares:

Member

Function

31.12.2022

31.12.2021 1

 

 

 

 

Andreas Müller

CEO

15’440

12’160

Mads Joergensen

CFO

8’800

8’800

Joost Geginat

President of GF Piping Systems

12’420

9’140

Carlos Vasto

President of GF Casting Solutions

3’280

980

Ivan Filisetti

President of GF Machining Solutions

14’400

12’400

Total Executive Committee

 

54’340

43’480

1 In April 2022, a 1:20 share split was conducted, see note 3.11. Previous year figures have been adjusted accordingly.

As at 31 December 2022, a total of 392’684 shares (previous year adjusted for share split: 356’540 shares) were held by the Board of Directors and the Executive Committee, corresponding to 0.5% of issued shares (previous year: 0.4%).

Neither Georg Fischer Ltd nor its GF Corporate Companies granted any guarantees, loans, advances, or credit facilities to members of the Board of Directors or of the Executive Committee or related parties.

4.6 Information on the requirements of the Gender Equality Act

In the year 2022, an equal pay analysis was conducted with a certified external partner applying an accepted method. The outcome confirmed compliance with internal equal pay for equal work pay practices and guidelines. The equal pay analyses is currently verified by an external auditor. The outcome of the audit will be disclosed in the next report.

In 2022, Georg Fischer Ltd employed 123 full-time equivalents on average (previous year: 104).

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