Balance sheet of Sulzer Ltd

millions of CHF	Notes	2025	2024
Current assets
Cash and cash equivalents	3	94.1	259.1
Accounts receivable from subsidiaries		374.9	364.6
Other current accounts receivable		3.6	2.8
Prepaid expenses and accrued income		0.9	1.7
Total current assets		473.5	628.2

Non-current assets
Loans to subsidiaries		610.2	541.8
Financial assets		21.8	22.4
Investments in subsidiaries	4	1’566.5	1’546.2
Investments in associates		6.6	19.6
Total non-current assets		2’205.1	2’130.0

Total assets		2’678.6	2’758.2

Current liabilities
Current interest-bearing liabilities	6	294.9	299.9
Current liabilities with subsidiaries		–	5.7
Current liabilities with shareholders		287.7	408.7
Other current liabilities		1.6	0.1
Accrued expenses and deferred income		8.5	7.8
Current provisions		3.6	3.6
Total current liabilities		596.3	725.8

Non-current liabilities
Non-current interest-bearing liabilities	6	778.7	744.0
Other non-current liabilities		1.7	5.2
Non-current provisions		34.0	33.2
Total non-current liabilities		814.4	782.4
Total liabilities		1’410.7	1’508.2

Equity
Registered share capital	5	0.3	0.3
Legal capital reserves
– Reserves from capital contribution	5	200.7	200.7
– Other legal capital reserve		155.5	155.5
Voluntary retained earnings
– Free reserve	5	791.5	791.5
Treasury shares	5	–58.6	–51.6
Available earnings
– Profit brought forward		10.0	0.1
– Net income for the year		168.5	153.5
Total equity		1’267.9	1’250.0

Total equity and liabilities		2’678.6	2’758.2