Tornos Holding Ltd.

Statutory Financial Statements 2022
Tornos Holding Ltd.

CHF 1 000	Notes	2022	2021

Other income		–	–
Total income		–	–

Marketing and sales		–	–
Administrative expenses		-970	-867
Research and development		–	–
Taxes other than on income		-28	-15
Total expenses		-997	-882

Impairment on loans to subsidiaries	7	–	–
Finance income/(expenses) – net		-22	-3
Exchange gains/(losses) – net		-1	112
Result before income taxes		-1 020	-773

Income taxes		–	–
Net result		-1 020	-773

CHF 1 000	Notes	31.12.2022	in %	31.12.2021	in %

Assets
Cash and cash equivalents		66		446
Receivables from Group companies		5 924		3 188
Other current assets		7		7
Total current assets		5 997	7.2%	3 641	4.5%

Loans to subsidiaries	7	8 784		8 784
Investment in subsidiaries	3	68 683		68 683
Total non-current assets		77 467	92.8%	77 467	95.5%

Total assets		83 464	100.0%	81 108	100.0%

Liabilities and equity
Payables to third parties		9		–
Payables to Group companies		23 304		15 300
Accrued expenses		52		–
Total current liabilities		23 366	28.0%	15 300	18.9%

Share capital	4	19 878		69 572
Statutory retained earnings		46		46
Statutory capital reserve Reserve from capital contribution	4	85 301		40 538
Accumulated losses		-44 069		-42 962
Treasury shares	5	-1 057		-1 386
Total equity		60 098	72.0%	65 808	81.1%

Total liabilities and equity		83 464	100.0%	81 108	100.0%

CHF 1 000	Share capital	Statutory retained earnings	Reserve from capital contribution	Accumulated losses	Treasury shares	Total
As per December 31, 2020	69 572	46	40 538	-41 923	-1 875	66 358

Net result				-773		-773
Sales purchases of treasury shares				-266	489	223

As per December 31, 2021	69 572	46	40 538	-42 962	-1 386	65 808

Net result				-1 020		-1 020
Distribution to shareholders	-4 969		37			– 4 932
Capital reduction	-44 725		44 725			–
Sales purchases of treasury shares				-87	329	242

As per December 31, 2022	19 878	46	85 301	-44 069	-1 057	60 098