Consolidated balance sheet

CHF million	Note	31.12.2016	31.12.2015

Yield-producing properties	4.1	3 505.0	3 475.3
Investment real estate under construction	4.1	69.5	49.9
Other property, plant and equipment	4.3	1.1	1.6
Financial assets	4.4	136.8	143.4
Intangible assets	4.6	0.2	0.0
Deferred tax assets	5.1	34.6	42.2
Non-current assets		3 747.2	3 712.4
Development real estate	4.2	165.7	295.5
Trade receivables	4.7	55.3	96.4
Other receivables	4.8	3.3	8.3
Cash	4.9	21.4	23.4
Current assets		245.7	423.6
Assets		3 992.9	4 136.0
Share capital	4.10	797.1	797.1
Capital reserves		141.1	232.7
Treasury shares	4.10	–1.7	–4.4
Retained earnings		1 150.3	968.7
Equity		2 086.8	1 994.1
Long-term borrowings	4.11	917.7	774.1
Deferred tax liabilities	5.1	192.5	163.4
Long-term provisions	4.12	15.2	7.2
Other long-term liabilities	4.13	0.0	71.8
Long-term liabilities		1 125.4	1 016.5
Trade payables	4.14	55.5	62.7
Prepayments for development real estate	4.15	6.8	24.1
Current tax liabilities	5.1	7.4	9.1
Other current liabilities	4.16	22.2	21.9
Short-term provisions	4.12	5.8	4.1
Short-term borrowings	4.11	683.0	1 003.5
Short-term liabilities		780.7	1 125.4
Liabilities		1 906.1	2 141.9
Equity and liabilities		3 992.9	4 136.0