2 Notes to the financial statements

Cash and cash equivalent

Other short-term receivables

Other short-term receivables from group companies include short-term loans and bore interest of 1.50% in the financial year (2023: 1.50%). The recorded interest is shown in the position «Finance income».

Participations

¹⁾ The company was sold by subsidiary Bellevue Asset Management AG in the 2024 financial year.
²⁾ The company was established on December 17, 2024. The share capital of SGD 1 000 000 had not yet been paid in as at December 31, 2024.

As a rule, participations are valued individually. For participations that are already managed and assessed together as an economic business unit within the company, the impairment test of the participations is performed analogously to the IFRS consolidated financial statements at the level of the economic business units. 

Short-term interest-bearing liabilities

Short-term interest-bearing liabilities to Group companies include short-term loans and bore interest of 1.50% in the financial year (2023: 1.50%). The recorded interest is shown in the position «Finance expense».

Other short-term liabilities

Treasury Shares

Treasury shares are held directly by the Company. All transactions are carried out at market prices.

Disposals and purchases of treasury shares also include any deliveries or returns of treasury shares as part of share-based payments, which are not cash-effective in such cases.