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.