Notes to the Consolidated Financial Statements

1. Basic information and principles of the report

2. Changes in Group structure

3. Summary of significant accounting policies

4. Risk assessment and management

5. Management of capital

6. Marketable securities

7. Trade accounts receivable

8. Other current assets and current financial assets

9. Inventories

10. Property, plant and equipment

11. Other non-current assets and non-current financial assets

12. Goodwill and intangible assets

13. Short-term debt

14. Other current provisions and liabilities

15. Long-term debt

16. Derivative financial instruments

17. Retirement benefit plans

18. Participation plans

19. Deferred tax assets and liabilities

20. Other non-current provisions and liabilities

21. Contingencies

22. Capital stock and treasury shares

23. Earnings per share

24. Other operating expenses, net

25. Financial result, net

26. Income tax expenses

27. Research and development expenditures

28. Cashflow figures

29. Segment reporting

30. Related party transactions

In 2014 and 2013, total booked compensations for the Group Executive Board and the Board of Directors were as follows:

  2014 2013
  MCHF MCHF
Remuneration and salary fixed 3.7 4.0
Remuneration and salary variable 2.5 2.5
Options 1.5 1.2
Expenditures on pensions 0.9 0.8
Other 0.1 0.1
Total 8.7 8.6

Further information regarding compensations and investments of the Group Executive Board and the Board of Directors are disclosed in the Remuneration Report.

In 2014 and 2013, there were no further material related party transactions.

31. Foreign exchange rates

32. Subsequent events

33. Additional disclosures on financial instruments

34. Group companies as of December 31, 2014