Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ The bal­ance sheet shows the as­set and fin­an­cing po­s­i­tion of the un­der­tak­ing on the bal­ance sheet date. It is struc­tured in­to as­sets and li­ab­il­it­ies.

² Items must be entered on the bal­ance sheet as as­sets if due to past events they may be dis­posed of, a cash in­flow is prob­able and their value can be re­li­ably es­tim­ated. Oth­er as­sets may not be entered on the bal­ance sheet.

³ Cash and cash equi­val­ents and oth­er as­sets that will prob­ably be­come cash or cash equi­val­ents as­sets or oth­er­wise be real­ised with­in one year of the bal­ance sheet date or with­in the nor­mal op­er­at­ing cycle must be entered on the bal­ance sheet as cur­rent as­sets. All oth­er as­sets are entered on the bal­ance sheet as cap­it­al as­sets.

⁴ Bor­rowed cap­it­al and share­hold­ers’ equity must be entered on the bal­ance sheet as li­ab­il­it­ies.

⁵ Li­ab­il­it­ies must be entered on the bal­ance sheet as bor­rowed cap­it­al if they have been caused by past events, a cash out­flow is prob­able and their value can be re­li­ably es­tim­ated.

⁶ Li­ab­il­it­ies must be entered on the bal­ance sheet as cur­rent li­ab­il­it­ies if they are ex­pec­ted to fall due for pay­ment with­in one year of the bal­ance sheet date or with­in the nor­mal op­er­at­ing cycle. All oth­er li­ab­il­it­ies must be entered on the bal­ance sheet as long-term li­ab­il­it­ies.

⁷ The share­hold­ers’ equity must be shown and struc­tured in the re­quired leg­al form.