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

¹ Among the as­sets, the li­quid­ity ra­tio must be shown based on at least the fol­low­ing items, both in­di­vidu­ally and in the spe­cified or­der:

1.

cur­rent as­sets:

a.

cash and cash equi­val­ents and cur­rent as­sets with a stock ex­change price,

b.

trade re­ceiv­ables,

c.

oth­er cur­rent re­ceiv­ables,

d.

in­vent­or­ies and non-in­voiced ser­vices,

e.

ac­crued in­come and pre­paid ex­penses;

2.

cap­it­al as­sets:

a.

fin­an­cial as­sets,

b.

share­hold­ings,

c.

tan­gible fixed as­sets,

d.

in­tan­gible fixed as­sets,

e.

non-paid up ba­sic, share­hold­er or found­a­tion cap­it­al.

² The due date of li­ab­il­it­ies must be shown based on at least the fol­low­ing items, both in­di­vidu­ally and in the spe­cified or­der:

1.

cur­rent bor­rowed cap­it­al:

a.

trade cred­it­ors,

b.

cur­rent in­terest-bear­ing li­ab­il­it­ies,

c.

oth­er cur­rent li­ab­il­it­ies,

d.

de­ferred in­come and ac­crued ex­penses;

2.

long-term bor­rowed cap­it­al:

a.

long-term in­terest-bear­ing li­ab­il­it­ies,

b.

oth­er long-term li­ab­il­it­ies,

c.

pro­vi­sions and sim­il­ar items re­quired by law;

3.

share­hold­ers’ equity:

a.

ba­sic, share­hold­er or found­a­tion cap­it­al, if ap­plic­able sep­ar­ately ac­cord­ing to par­ti­cip­a­tion classes,

b.

stat­utory cap­it­al re­serves,

c.

stat­utory re­tained earn­ings,

d.⁸⁰³

vol­un­tary re­tained earn­ings,

e.⁸⁰⁴

own cap­it­al shares as neg­at­ive items,

f.⁸⁰⁵

profit car­ried for­ward or loss car­ried for­ward as neg­at­ive items,

g.⁸⁰⁶

an­nu­al profit or an­nu­al loss as neg­at­ive items.

³ Oth­er items must be shown in­di­vidu­ally on the bal­ance sheet or in the notes to the ac­counts, provided this is es­sen­tial so that third parties can as­sess the as­set or fin­an­cing po­s­i­tion or is cus­tom­ary as a res­ult of the activ­ity of the com­pany.

⁴ Re­ceiv­ables and li­ab­il­it­ies vis-à-vis dir­ect or in­dir­ect par­ti­cipants and man­age­ment bod­ies and vis-à-vis un­der­tak­ings in which there is a dir­ect or in­dir­ect par­ti­cip­a­tion must in each case be shown sep­ar­ately on the bal­ance sheet or in the notes to the ac­counts.