1.1 Other Financial Income and Financial Expenses

Other financial income contained intercompany interest of CHF 10.1 million (2022: CHF 6.1 million). Financial expenses included net foreign exchange losses of CHF 9.0 million (2022: loss of CHF 4.7 million).

1.2 Investments

Information on the investments directly and indirectly controlled by BELIMO Holding AG is given in the list of group companies in the Annual Report. Ownership interests equal voting rights.

1.3 Treasury Shares

Awards for Group share-based payments are made on behalf of the respective Group companies. These Group companies cover all costs.

In the reporting year, the average transaction price of the treasury shares purchased was CHF 421.45 (2022: CHF 447.42) and the average transaction price of the treasury shares awarded for share-based payments CHF 441.20 (2022: CHF 435.50).

2.1 Full-Time Equivalents

BELIMO Holding AG does not have any employees.  

2.2 Contingent Liabilities and Collaterals for Third-Party Liabilities

There were no contingent liabilities as at December 31, 2023 and 2022.

The Company is part of the Belimo value-added tax group in Switzerland and is jointly and severally liable for its value-added tax liabilities to the tax authorities.

As at December 31, 2023, BELIMO Holding AG has issued a guarantee to certain banks in respect of credit facilities granted to one subsidiary in the amount of CHF 100.0 million (2022: CHF 100.0 million). The credit lines were not used as at December 31, 2023 and 2022.

2.3 Events after the Reporting Date

On March 1, 2024, the Board of Directors of BELIMO Holding AG approved the present annual financial statements for release. As of this date, no material events after the reporting date have occurred. The financial statements are subject to approval by the shareholders of BELIMO Holding AG at the Annual General Meeting to be held on March 25, 2024.