2.3 Balance sheet

Total assets decreased by CHF 2.9 million compared with the end of 2020. This is largely due to lower trade payables and advance payments from customers amounting to CHF 20.1 million (31.12.2020: CHF 25.7 million). “Other receivables” includes services recorded using the percentage-of-completion method (POC) amounting to CHF 12.3 million (31.12.2020: CHF 17.9 million). The increase in tangible assets mainly reflects the progress of construction of Zeiser’s new production site in Emmingen. In order to benefit from the state support programme for energy-efficient buildings, a financing facility of CHF 4.4 million over three years had to be used.

Available liquidity as at the balance sheet date was as follows:

Liquidity reserves and credit facilities

in CHF thousand   30.06.2021   31.12.2020
Cash in bank accounts and in hand   80,365   76,998
Prepayments PoC / from customers   –20,145   –25,682
Other financial assets / liabilities   –6,750   –2,400
Cash and cash equivalents net   53,470   48,916
Thereof assigned to other shareholders   7,174   12,945
Disposable cash and cash equivalents   46,296   35,971
Available lines of credit   68,332   70,448
./. Secured guarantees by banks (without prepayment guarantees)   –7,311   –2,210
./. Lines of credit used   –4,388   –250
Total disposable cash and cash equivalents and unused lines of credit   102,929   103,959