6. Other short-term interest-bearing liabilities

As of 31 December 2021, the short-term liabilities consist of four loans from shareholders in the amount of CHF 22.9 million. The major part of these loans was shown in the year 2020 under long-term interest-bearing liabilities. The loans have an interest of 6 % and 1.5 %. The loans are due in October 2022 and December 2022. The position further includes three loans in the amount of EUR 1.0 million each (total CHF 3.2 million) from shareholders. The loans have an interest of 4.5 % and 4.0 % and are due in December 2022.

Uncertainty regarding repayment of loan liabilities

As of 31 December 2022, loan liabilities including accrued interest in the total amount of around CHF 26 million are due for repayment. The loan is secured by pledged land titles owned by a subsidiary. The company is in talks to extend the existing contract and at the same time plans to repay it by raising new liquid funds. At this point in time, no contracts have been concluded and therefore there is uncertainty regarding the successful refinancing of this loan liability at the end of the term. If the refinancing cannot take place in a timely manner, there is the possibility of transferring land titles in Brazil to settle the debt.