Balance sheets as of 31 December 2017 and 2016

in thousand CHF	Notes	2017	2016
ASSETS
Current assets
Cash and cash equivalents		1 668	1 009
Trade receivables
against third parties		4 298	4 943
against Group		818	509
Other short-term receivables
against third parties		178	42
against Group		7 526	5 603
Inventories		449	423
Prepaid expenses		115	118
Total current assets		15 052	12 647

Non-current assets
Financial Assets to Group	8	39 338	29 241
Investments	4	53 385	53 386
Property, plant and equipment		9	14
Intangible assets		47	24
Long-term financial assets		30	30
Total non-current assets		92 809	82 695
TOTAL assets		107 861	95 342

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Trade payables
against third parties		941	255
against Group		2 866	4 442
against shareholders and governing bodies		0	77
Short-term interest-bearing liabilities against shareholders	5	6 400	6 900
Other short-term liabilities		1 072	835
Accrued expenses and short term provisions		2 967	1 719
Total short-term liabilities		14 246	14 228

Non-current liabilities
Long-term interest-bearing liabilities against shareholders	6	23 509	18 072
Long-term provisions		51	39
Total long-term liabilities		23 560	18 111

Shareholders’ equity
Share capital	1 / 2 / 3 / 5	7 053	6 903
Legal capital reserves
Capital contribution reserves	5	88 924	88 593
Legal capital reserves
General legal retained earnings		4 534	4 534
Voluntary retained earings
Accumulated losses		–37 027	–41 400
Net income for the year		6 572	4 372
Total shareholders’ equity		70 054	63 002
TOTAL liabilities & equity		107 861	95 342

See notes to Precious Woods Holding Ltd financial statements on pages 80 to 84.