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. Trade accounts receivable

7. Other current assets and current financial assets

8. Inventories

9. Property, plant and equipment

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

11. Goodwill and intangible assets

12. Shortterm debt

  2019 2018
Other short-term debt 5.0 4.6
Short-term portion of long-term lease liabilities (see Note 26) 21.2 0.0
Short-term portion of long-term debt (excl. leases) 0.0 149.7
Total short-term debt 26.2 154.3

Short-term credit lines

The Group maintained credit lines of MCHF 90.7 (PY: MCHF 41.3) from various lenders, which can be cancelled at short notice. The use of these credit lines is always short-term in nature and, accordingly, any amounts drawn are included in short-term debt. As at 31 December 2019 and 2018, the Group did not have any outstanding drawings on the above-mentioned credit lines.

Other short-term debt

As at 31 December 2019, the Group had MCHF 5.0 in other short-term debt (PY: MCHF 4.6). This debt incurred an effective interest rate of 5.5% (PY: 5.4%).

Currency mix

Of the total short-term debt outstanding as at 31 December 2019, MCHF 11.0 was denominated in EUR (PY: MCHF 4.6) and MCHF 8.8 in CHF (PY: MCHF 149.7).

13. Other current liabilities and provisions

14. Long-term debt

15. Financial instruments

16. Retirement benefit plans

17. Participation plans

18. Deferred tax assets and liabilities

19. Other non-current liabilities and provisions

20. Contingencies

21. Capital stock and treasury shares

22. Earnings per share

23. Other operating expenses, net

24. Financial result, net

25. Income tax expenses

26. Leases

27. Research and development cost

28. Free Cashflow

29. Segment reporting

30. Related party transactions

31. Foreign exchange rates

32. Subsequent events

33. Group companies as of 31 December 2019


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