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Balance sheets as of 31 December 2018 and 2017

in thousand CHF   Notes   2018   2017
ASSETS
Current assets
Cash and cash equivalents       2 433   1 668
Trade receivables            
 against third parties       5 557   4 298
 against Group       1 403   818
Other short-term receivables            
 against third parties       84   178
 against Group   5 / 9    2 166   7 526
Inventories       738   449
Prepaid expenses       81   115
Total current assets       12 462   15 052
 
Non-current assets
Financial Assets to Group   5    48 276   39 338
Investments   4    53 385   53 385
Property, plant and equipment       25   9
Intangible assets       33   47
Long-term financial assets       30   30
Total non-current assets       101 749   92 809
TOTAL assets       114 210   107 861
 
LIABILITIES AND SHAREHOLDERS' EQUITY            
Current liabilities
Trade payables            
 against third parties       819   941
 against Group       4 260   2 866
 against shareholders and governing bodies         0
Short-term interest-bearing liabilities against shareholders   6    9 100   6 400
Other short-term liabilities       774   1 072
Accrued expenses and short term provisions       2 443   2 967
Total short-term liabilities       17 396   14 246
 
Non-current liabilities
Long-term interest-bearing liabilities against shareholders   7    23 226   23 509
Long-term provisions       58   51
Total long-term liabilities       23 284   23 560
 
Shareholders’ equity
Share capital   1 / 2 / 3    7 053   7 053
Legal capital reserves            
 Capital contribution reserves       88 924   88 924
Legal retained earnings            
 General legal retained earnings       4 534   4 534
Voluntary retained earings            
 Accumulated losses       –30 455   –37 027
 Net income for the year       3 475   6 572
Total shareholders’ equity       73 530   70 054
TOTAL liabilities & equity       114 210   107 861

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