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7.1 General information

The financial statements have been prepared in accordance with the provisions on commercial accounting of the Swiss Code of Obligations.

In order to simplify the Group structure and optimise operations in the administrative area, a merger by absorption was carried out in the year under review. Orell Füssli Holding Ltd absorbed all its 100% subsidiaries in Switzerland. At the same time, Orell Füssli Holding Ltd was renamed as Orell Füssli Ltd. This year’s figures presented in the income statement and the balance sheet are therefore not comparable with the prior year’s. As part of the optimisation measures, the structure of and specific terms used in the accompanying financial statements were revised.

Orell Füssli is a Swiss company with headquarters in Zurich. The number of full-time equivalents amounted under 10 in the prior year and over 250 in the year under review.