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Financial report

HERE’S WHAT THE NUMBERS TELL US

The accounting by the Swiss Youth Hostels complies with the Swiss GAAP FER professional recommendations and gives a true and fair view of assets, liabilities, financial position and profit or loss.

Organisational capital

* in thousands, in CHF

* in thousands, in CHF

Due to the COVID-19 pandemic, the Swiss Youth Hostels achieved an annual result in 2020 of CHF -5,417,357 (previous year CHF 28,157). The organisational capital was CHF -3,309,239 after offsetting.

Economic equity capital

2018
2019
2020
Economic equity capital in CHF
2,079,961
2,108,118
2,190,761
Organisational capital in CHF
2,079,961
2,108,118
-3,309,239
COVID-19 credit in CHF
0
0
500,000
COVID-19 loans in CHF
0
0
5,000,000
2019*
2020*
Economic equity capital in CHF
2,108,1
2,190,8
Organisational capital in CHF
2,108,1
-3,309,2
COVID-19 credit in CHF
0,0
500,0
COVID-19 loans in CHF
0,0
5,000,0

* in thousands

In 2020, the Swiss Youth Hostels received a COVID-19 credit in the amount of CHF 500,000 and a COVID-19 loan in the amount of CHF 5,000,000. Neither will be taken into account as outside capital for calculating the over-indebtedness according to Art. 725 Paragraph 2 of the Swiss Code of Obligations (OR). The economic equity capital as at 31 December 2020 was CHF 2,190,761.

* in thousands

* in thousands

Liquidity ratio III in %

Liquidity ratio III
in %

Due to the increase of long-term outside capital of CHF 9.4 million to CHF 20.6 million, the liquidity ratio III increased from 103% to 172%.

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