Allreal Holding AG, domiciled in Baar, Canton of Zug, was founded on 17 May 1999. As a holding company it is not engaged in any operating activities. Its function is limited to managing and financing Allreal Group.
The Allreal Holding AG annual accounts have been prepared in accordance with Swiss legislation (32nd title of the Swiss Code of Obligations). They supplement the consolidated financial statements (pages 58 to 121) prepared in accordance with International Financial Reporting Standards (IFRS). Whereas the consolidated financial statements provide information about the business situation of the Group as a whole, the information in the annual accounts of Allreal Holding AG relates solely to the Group’s parent company.
Treasury shares are recognised at acquisition cost and deducted from shareholders’ equity at the time of acquisition. In the case of a resale, the gain or loss is recognised through the income statement as financial income or financial expense.