Balance Sheet

Balance Sheet
       
CHF thousand Note December 31, 2014 December 31, 2013
ASSETS      
Investments   861,209 484,740
Intangible assets   501,210 41,409
Loans to subsidiaries   430,000
Total non-current assets   1,792,419 526,149
       
Receivables      
from third parties   6,819 3,421
from subsidiaries   12,608 14,859
Accrued income      
from third parties   11
from subsidiaries   18,779 12,049
Loans to subsidiaries   90,000
Financial investments   110,825
Treasury stock 4 144,905 89,134
Treasury stock (share buy-back program) 4 54,615 6,465
Cash and cash equivalents   58,642 413,673
Total current assets   386,368 650,437
       
Total assets   2,178,787 1,176,586
LIABILITIES AND SHAREHOLDERS' EQUITY      
Share capital   13,611 13,611
Participation capital 5 9,561 9,253
Legal reserves      
General legal reserve   76,040 76,040
Reserve from capital contribution 6 86,187 138,733
Reserve for treasury stock   159,847 71,305
Special reserve 6 469,799 389,344
Retained earnings   247,805 224,003
Total shareholders' equity   1,062,850 922,289
       
Bonds 3 1,000,000
Total non-current liabilities   1,000,000
       
Accounts payable to subsidiaries   94,167 235,577
Tax liabilities   14,678 11,388
Accrued liabilities      
to third parties   3,802 2,357
to subsidiaries   2,545 4,597
Other liabilities   745 378
Total current liabilities   115,937 254,297
       
Total liabilities and shareholders' equity   2,178,787 1,176,586