Balance sheets as of 31 December 2019 and 2018

in thousand CHF	Notes	2019	2018
ASSETS
Current assets
Cash and cash equivalents		2 110	2 433
Trade receivables
against third parties		3 613	5 557
against Group		1 514	1 403
Other short-term receivables
against third parties		18	84
against Group	9	1 335	2 166
Inventories		262	738
Prepaid expenses		74	81
Total current assets		8 926	12 462

Non-current assets
Financial assets to Group		48 441	48 276
Investments	4 / 8	58 994	53 385
Property, plant, equipment and lease	12	57	25
Intangible assets		47	33
Long-term financial assets		30	30
Total non-current assets		107 569	101 749
TOTAL assets		116 495	114 210

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Trade payables
against third parties		377	819
against Group		2 674	4 260
against shareholders and governing bodies			–
Short-term interest-bearing liabilities against shareholders	5	6 400	9 100
Other short-term liabilities		943	774
Accrued expenses and short term provisions		3 445	2 443
Total short-term liabilities		13 839	17 396

Non-current liabilities
Long-term interest-bearing liabilities against shareholders	6	25 726	23 226
Long-term interest-bearing liabilities against lease	12	26	–
Long-term provisions		74	58
Total long-term liabilities		25 826	23 284

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		–26 980	–30 455
Net income for the year		3 300	3 475
Total shareholders’ equity		76 830	73 530
TOTAL liabilities & equity		116 495	114 210

See notes to Precious Woods Holding Ltd financial statements on pages 90 to 93.