19. Loans taken up
|
As of 31.12.2019 |
Balance sheet |
Interest on capital |
Interest rate |
thereof secured by mortgages |
Due date |
|
|
CHF 1000 |
CHF 1000 |
|
CHF 1000 |
|
|
Short-term and fixed-rate loans from third parties and banks |
222 |
111 |
1.25% |
– |
30.06. resp. 31.12.2020 |
|
Total short-term loans taken up from third parties |
222 |
111 |
– |
– |
|
|
Short-term and fixed-rate loans from shareholders (Canton of Zurich) |
67 |
1 |
2.00% |
67 |
30.06.2020 |
|
Non-repayable loan (à fonds perdu) secured with a mortgage |
2 500 |
– |
– |
2 500 |
08.07.2020 |
|
Total short-term loans taken up from related parties (shareholders) |
2 567 |
1 |
– |
2 567 |
|
|
|
|
|
|
|
|
|
Total short-term loans (less than 1 year) |
2 789 |
112 |
– |
2 567 |
|
|
|
|
|
|
|
|
|
Long-term and fixed-rate loans from third parties and banks |
44 390 |
1 004 |
1.25%-2.32% |
– |
01.09.2022 resp. 05.01.2037 annual amortisation obligation CHF 0.2 mn |
|
Total long-term loans taken up from third parties |
44 390 |
1 004 |
– |
– |
|
|
Long-term loans from shareholders (Canton of Basel-Landschaft) |
35 000 |
1 050 |
3% |
– |
15.03.2021 |
|
Long-term loans from shareholders (Canton of Zurich) |
733 |
16 |
2% |
733 |
30.06.2031 |
|
Long-term loans from shareholders (City of Zurich) |
1 500 |
30 |
2% |
1 500 |
30.06.2031 |
|
Interest-free loans from shareholders (Cantons BS, BL) 1) |
60 000 |
– |
– |
– |
as of 09.06.2020 resp. 08.09.2020 annual amortisation of CHF 3 mn 3) |
|
Non-repayable loan (à fonds perdu) secured with a mortgage 2) |
30 000 |
– |
– |
30 000 |
last amortisation instalment 06.07.2032 |
|
Total long-term loans taken up from related parties (shareholders) |
127 233 |
1 096 |
– |
32 233 |
|
|
Bond |
100 000 |
1 885 |
1.875% |
– |
|
|
Total Bond |
100 000 |
1 885 |
– |
– |
|
|
|
|
|
|
|
|
|
Total long-term loans (more than 1 year) |
271 623 |
3 985 |
– |
32 233 |
|
|
|
|
|
|
|
|
|
Total loans taken up as of 31.12.2019 |
274 412 |
4 097 |
– |
34 800 |
|
|
|
|
|
|
|
|
|
As of 31.12.2020 |
Balance sheet |
Interest on capital |
Interest rate |
thereof secured by mortgages |
Due date |
|
|
CHF 1000 |
CHF 1000 |
|
CHF 1000 |
|
|
Short-term and fixed-rate loans from third parties and banks |
4 400 |
38 |
1.25% |
– |
30.06. resp. 31.12.2021 |
|
Total short-term loans taken up from third parties |
4 400 |
38 |
– |
– |
|
|
Short-term and fixed-rate loans from shareholders (Canton of Zurich) |
67 |
1 |
2.00% |
67 |
30.06.2021 |
|
Interest-free loans from shareholders (Canton BS) 1), 4) |
5 756 |
– |
– |
– |
as of 08.09.2020 annual amortisation of CHF 3 mn 3) |
|
Non-repayable loan (à fonds perdu) secured with a mortgage |
2 500 |
– |
– |
2 500 |
08.07.2021 |
|
Total short-term loans taken up from related parties (shareholders) |
8 323 |
1 |
– |
2 567 |
|
|
|
|
|
|
|
|
|
Total short-term loans (less than 1 year) |
12 723 |
39 |
– |
2 567 |
|
|
|
|
|
|
|
|
|
Long-term and fixed-rate loans from third parties and banks |
47 355 |
1 371 |
1.25%-4.12% |
40 000 |
01.09.2027 resp. 05.01.2037 annual amortisation obligation CHF 0.2 mn |
|
Long-term loans from third parties (Canton of Basel-Landschaft) |
35 000 |
1 094 |
3%-3.25% |
35 000 |
15.03.2026 |
|
Interest-free loans from third parties (Canton BL) 1) |
30 000 |
– |
– |
– |
as of 09.06.2020 annual amortisation of CHF 3 mn 3) |
|
Total long-term loans taken up from third parties |
112 355 |
2 465 |
– |
75 000 |
|
|
Long-term loans from shareholders (Canton of Zurich) |
667 |
15 |
2% |
667 |
30.06.2031 |
|
Long-term loans from shareholders (City of Zurich) |
1 500 |
30 |
2% |
1 500 |
30.06.2031 |
|
Non-repayable loan (à fonds perdu) secured with a mortgage 2) |
27 500 |
– |
– |
27 500 |
last amortisation instalment 06.07.2032 |
|
Total long-term loans taken up from related parties (shareholders) |
29 667 |
45 |
– |
29 667 |
|
|
Bond |
100 000 |
1 885 |
1.875% |
– |
16.05.2023 |
|
Total Bond |
100 000 |
1 885 |
– |
– |
|
|
|
|
|
|
|
|
|
Total long-term loans (more than 1 year) |
242 022 |
4 395 |
– |
104 667 |
|
|
|
|
|
|
|
|
|
Total loans taken up as of 31.12.2020 |
254 745 |
4 434 |
– |
107 234 |
|
1) Interest as a subsidy; the interest-free loans of the cantons of Basel-Stadt and Basel-Landschaft are subordinated.
2) Financing sum, annual amortisation of CHF 2.5m, as a subsidy from 2013 onwards.
3) Repayment will be deferred if the equity ratio of MCH Group Ltd. falls below 30% or if no dividends are paid on account of the result.
4) In the course of the capital increase, CHF 24.2m of the loan was converted into share capital.
In the framework of the financing for the MCH Group, a CHF 100 million new issue (bond) was raised in 2018 with a term running from 16.05.2018 to 16.05.2023 (5 years) and a coupon of 1.875 %.
On account of the Covid-19 pandemic, various non-Swiss companies have been awarded country-specific Covid-19 loans for a total of CHF 7.6 million. Swiss companies applied for short-term Covid-19 loans totalling CHF 1.5 million but these had been repaid as at 31.12.2020. The cash flow from financing activities shows the borrowing and repayment of the loans.
The net debt (short and long-term loans taken up minus cash and cash equivalents) fell to CHF 124.7 million (previous year CHF 136.1 million).
