No search results. Please enter a different search term.
2.3 Balance sheet
Total assets decreased by CHF 5.8 million or 2.6% compared with the end of 2018. Total current assets changed by CHF -2.6 million overall. Cash and cash equivalents decreased by CHF 5.4 million, mainly due to the payment of the anniversary dividends. The ‘Other receivables’ line item, which includes services valued using the percentage-of-completion method of CHF 12.6 million (31.12. 2018: CHF 8.9 million), again showed a slight increase in value as at the reporting date. There was a net decrease in non-current assets of CHF 3.3 million, mainly because of higher depreciation and impairments (CHF 5.7 million) compared with investments (CHF 2.2 million). The total value of assets using the percentage-of-completion method compares with the prepayments by customers on the liabilities side, recorded under ‘Other short-term liabilities’, amounting to CHF 44.7 million (31.12. 2018: CHF 37.7 million).
Equity decreased by CHF 6.2 million. This change is mainly due to the payment of dividends to the shareholders of Orell Füssli Holding Ltd in the amount of CHF 11.8 million.
Available liquidity as at the balance sheet date was as follows:
|in CHF thousand||30.06.2019||31.12.2018|
|Cash and cash equivalents||94,551||99,994|
|Prepayments PoC / from customers||–44,748||–37,741|
|Other financial assets / liabilities||–1,635||–1,635|
|Cash and cash equivalents net||48,168||60,618|
|Thereof assigned to other shareholders||4,475||8,562|
|Disposable cash and cash equivalents||43,693||52,056|
|Available lines of credit||66,622||66,825|
|./. Secured guarantees by banks (without prepayment guarantees)||–1,153||–1,018|
|./. Lines of credit used||–||–|
|Total disposable cash and cash equivalents and unused lines of credit||109,162||117,863|