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

¹ The profit and loss ac­count shall present the earn­ings of the com­pany over the fin­an­cial year. It may be pre­pared ac­cord­ing to the peri­od-based ac­count­ing meth­od or the cost of sales meth­od.

² If the peri­od-based ac­count­ing meth­od is used (nature of ex­pense meth­od), a min­im­um of the fol­low­ing items must be shown in­di­vidu­ally and in the spe­cified or­der:

1.

net pro­ceeds from sales of goods and ser­vices;

2.

changes in in­vent­or­ies of un­fin­ished and fin­ished goods and in non-in­voiced ser­vices;

3.

cost of ma­ter­i­als;

4.

staff costs;

5.

oth­er op­er­a­tion­al costs;

6.

de­pre­ci­ation and valu­ation ad­just­ments on fixed as­set items;

7.

fin­an­cial costs and fin­an­cial in­come;

8.

non-op­er­a­tion­al costs and non-op­er­a­tion­al in­come;

9.

ex­traordin­ary, non-re­cur­ring or pri­or-peri­od costs and in­come;

10.

dir­ect taxes;

11.

an­nu­al profit or an­nu­al loss.

³ If the cost of sales meth­od is used (activ­ity-based cost­ing meth­od), a min­im­um of the fol­low­ing items must be shown in­di­vidu­ally and in the spe­cified or­der:

1.

net pro­ceeds from sales of goods and ser­vices;

2.

ac­quis­i­tion or man­u­fac­tur­ing costs of goods and ser­vices sold;

3.

ad­min­is­trat­ive costs and dis­tri­bu­tion costs;

4.

fin­an­cial costs and fin­an­cial in­come;

5.

non-op­er­a­tion­al costs and non-op­er­a­tion­al in­come;

6.

ex­traordin­ary, non-re­cur­ring or pri­or-peri­od costs and in­come;

7.

dir­ect taxes;

8.

an­nu­al profit or an­nu­al loss.

⁴ If the cost of sales meth­od is used, the notes to the ac­counts must also show the staff costs and, as a single item, de­pre­ci­ation and valu­ation ad­just­ments to fixed as­set items.

⁵ Oth­er items must be shown in­di­vidu­ally in the profit and loss ac­count or in the notes to the ac­counts to the ex­tent that this is es­sen­tial in or­der that third parties can as­sess the earn­ing power or is cus­tom­ary as a res­ult of the activ­ity of the com­pany.