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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:
|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|