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Financial report

Overview of
financial development

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

Organisational
capital

* in thousands, in CHF

* in thousands, in CHF

The Swiss youth hostels achieved an annual result of CHF 653,536 (previous year CHF -5,417,357) in 2021. That includes non-repayable COVID-19 hardship case contributions in the amount of CHF 3,586,869 in 2021. The organisational capital was CHF -2,655,703 after offsetting.

Economic equity capital

2020*
2021*
Economic equity capital in CHF
2,190.8
2,844.3
Organisational
capital in CHF
-3,309.2
-2,655.7
COVID-19 credit in CHF
500.0
500.0
COVID-19 loans in CHF
5,000.0
5,000.0
2019
2020
2021
Economic equity capital in CHF
2,108,118
2,190,761
2,844,297
Organisational capital in CHF
2,108,118
-3,309,239
-2,655,703
COVID-19 credit in CHF
0
500,000
500,000
COVID-19 loans in CHF
0
5,000,000
5,000,000

* 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 2021 was CHF 2,844,297.

* in thousands

* in thousands

Liquidity ratio III in %

Liquidity ratio III increased to 234% (previous year 172%) mainly due to the hardship case contributions paid out during the reporting year.