3. Other disclosures
3.1 Full-time equivalents
In 2018 and in the previous year, Emmi AG employed fewer than 10 employees on average.
3.2 Collateral provided for liabilities of third parties
|
|
31.12.2018 |
31.12.2017 |
|
Guarantees and joint liability for loans of Group companies |
521,758 |
512,144 |
|
Of which used by Group companies |
419,548 |
408,856 |
|
Other guarantees for Group companies |
293,891 |
344,185 |
3.3 Contingent liabilities
Emmi AG is jointly and severally liable for the VAT liabilities of the other Swiss-domiciled Emmi companies and of the Genossenschaft Zentralschweizer Milchproduzenten ZMP and ZMP Invest AG.
3.4 Net release of hidden reserves
In the year under review and in 2017, there were no releases of hidden reserves.
3.5 Participations of members of the Board of Directors, the Council and Group Management
As at 31 December 2018, individual members of the Board of Directors, the Agricultural Council and Group Management (including affiliated persons) held the following number of shares in the company:
|
|
No. of shares |
No. of shares |
|
Board of Directors |
31.12.2018 |
31.12.2017 |
|
Konrad Graber, Chairman |
950 |
950 |
|
Thomas Oehen-Bühlmann, Vice-Chairman |
615 |
615 |
|
Christian Arnold-Fässler, Member |
30 |
30 |
|
Stephan Baer, Member (until 12.4.2018) |
n.a. |
34,500 |
|
Monique Bourquin, Member |
– |
– |
|
Christina Johansson, Member (since 12.4.2018) |
– |
n.a. |
|
Niklaus Meier, Member |
200 |
200 |
|
Alexandra Post Quillet, Member (since 12.4.2018) |
– |
n.a. |
|
Josef Schmidli, Member (until 12.4.2018) |
n.a. |
74 |
|
Franz Steiger, Member |
400 |
400 |
|
Diana Strebel, Member |
– |
– |
|
|
|
|
|
Agricultural Council |
|
|
|
Christophe Eggenschwiler (until 30.9.2018) |
n.a. |
– |
|
Pirmin Furrer |
– |
– |
|
Stephan Hagenbuch |
50 |
50 |
|
Peter Hegglin |
– |
– |
|
|
|
|
|
Group Management |
|
|
|
Urs Riedener, CEO |
– |
– |
|
Marc Heim, Deputy CEO |
150 |
150 |
|
Robin Barraclough, Member |
20 |
20 |
|
Kai Könecke, Member |
– |
– |
|
Matthias Kunz, Member |
27 |
27 |
|
Thomas Morf, Member |
– |
– |
|
Jörg Riboni, Member |
– |
– |
|
Natalie Rüedi, Member |
– |
– |
The members of the Board of Directors, the Agricultural Council and Group Management own a total of 2,442 shares (previous year: 37,016 shares) and thus hold 0.05 % of the voting rights (previous year: 0.69 %).
3.6 Significant events after the balance sheet date
Sale of Emmi Frisch-Service AG
On 31 January 2019, Emmi announced that it will sell its Swiss trading and supply company Emmi Frisch-Service AG, a direct subsidiary of Emmi AG, to the Transgourmet Group. Emmi does not expect this transaction to have a significant impact on Emmi AG’s results in the following year. The completion of the transaction is subject to the approval of the Swiss Competition Commission.
From the balance sheet date until the financial statements were approved by the Board of Directors on 27 February 2019, no other major events occurred which could have adversely affected the validity of the financial statements for 2018 or which would have to be disclosed.