Balance Sheet
Balance sheet
| In CHF million | ||||
|---|---|---|---|---|
| 31.12.2025 | 31.12.2024 | |||
| Assets | ||||
| Cash and cash equivalents | 18 | 27 | ||
| Receivables from Group companies | 61 | 45 | ||
| Receivables from third parties | 12 | 4 | ||
| Accrued income | 25 | 10 | ||
| Current assets | 116 | 86 | ||
| Financial assets | ||||
| Debt securities | 613 | 633 | ||
| Investment funds | 42 | 292 | ||
| Loans to Group companies | 3 353 | 2 497 | ||
| Participations | 3 286 | 3 261 | ||
| Non-current assets | 7 294 | 6 684 | ||
| Total assets | 7 411 | 6 770 | ||
| Liabilities and equity | ||||
| Short-term debt capital | ||||
| Short-term liabilities due to Group companies | – | 0 | ||
| Short-term, interest-bearing liabilities due to third parties | 187 | – | ||
| Other short-term liabilities due to third parties | 157 | 179 | ||
| Accrued expenses | 55 | 29 | ||
| Long-term debt capital | ||||
| Loans from Group companies | 1 695 | 1 240 | ||
| Senior bonds | 1 921 | 1 597 | ||
| Liabilities | 4 015 | 3 045 | ||
| Share capital | 3 | 3 | ||
| Statutory capital reserve | ||||
| Capital contribution reserve | 177 | 177 | ||
| Statutory retained earnings | ||||
| General reserves | 33 | 33 | ||
| Voluntary retained earnings and profit shown in the balance sheet | ||||
| Voluntary retained earnings | 2 476 | 2 321 | ||
| Profit shown in the balance sheet | ||||
| Balance carried forward from previous year | 15 | 30 | ||
| Annual profit | 1 154 | 1 273 | ||
| Own capital shares | –461 | –112 | ||
| Equity | 3 396 | 3 725 | ||
| Total liabilities and equity | 7 411 | 6 770 | ||