23.Disposal of companies
On 3 April 2019, Emmi sold its Swiss trading and supply company Emmi Frisch-Service AG to the Transgourmet Group. The negative net sales effect of this transaction amounted to around CHF 40 million in 2019. In addition, around 160 employees joined the Transgourmet Group. This transaction did not have a significant impact on consolidated results.
Emmi Frisch-Service AG reported the following main balance sheet items at the date of the sale:
|
|
2019 |
|
|
Emmi Frisch-Service AG |
|
Cash and securities |
4,649 |
|
Trade receivables |
13,117 |
|
Inventories |
1,882 |
|
Other current assets |
409 |
|
Non-current assets |
4,077 |
|
Trade payables |
9,441 |
|
Other current liabilities |
4,401 |
|
Non-current liabilities |
193 |
|
Shareholders’ equity |
10,099 |
|
Balance sheet total |
24,134 |
In the previous year, Emmi did not sell any companies.