Annual Report - Sens

SENS balance sheet
Comments
Securities: these are stock-market-listed bonds issued by Swiss companies and public bodies.
Loan to SENS International: in the year under review, the loan attracted interest at 2.18 per cent.
Liabilities to third parties: these are current, short-term liabilities.
Deferred liabilities: the services provided by collection points, transport and recycling companies for the year of
the report, which have not yet been invoiced, are recorded here as deferred.
1) Yield on assets on SENS reserves
In consultation with the auditors, the yield on assets from the SENS reserves has been posted directly as an
increase in equity.
Balance sheet
Assets 31 / 12 / 2011 31 / 12 / 2010
Operating assets in CHF in CHF
Cash and cash equivalents 9,633,333 3,103,102
Debts due 1,857,049 3,301,317
Accrued and deferred income 3,381,984 552,780
Total operating assets 14,872,366 6,957,199
Fixed assets
Office equipment / equipment 40,000 38,000
Vehicles 11,000 22,000
Securities 34,902,177 37,417,570
Loans to SENS International 1,200,000 1,200,000
Total fixed assets 36,153,177 38,677,570
Total assets 51,025,543 45,634,769
Liabilities
Borrowed capital
Liabilities to third parties 459,244 1,541,349
Accrued and deferred liabilities 9,478,504 3,118,257
Recycling funds
ARF fund for SENS appliances 37,917,211 37,869,311
ARF fund for toys and games 1,876,694 1,833,339
Total borrowed capital 49,731,653 44,362,257
Equity
Foundation capital 320,000 320,000
SENS reserves as of 31 / 12 952,512 1,031,042
SENS anniversary – – 102,217
Yield on assets on SENS reserves1) 21,378 23,687
Total equity 1,293,890 1,272,512
Total liabilities 51,025,543 45,634,769
SENS Annual Report 2011 39