21.Disposal of companies

Gläserne Molkerei, which was sold in the reporting year, reported the following main balance sheet items at the time of disposal:

 

Gläserne Molkerei

 

2023

2022

Cash and securities

12,042

Trade receivables

7,833

Inventories

3,669

Other current assets

1,298

Non-current assets

143

Trade payables

4,492

Other current liabilities

4,082

Non-current liabilities

7,695

Net assets

8,716

On 14 August 2023, Emmi sold Gläserne Molkerei (consisting of the companies Gläserne Molkerei GmbH, Gläserne Molkerei Münchehofe GmbH and Hofmolkerei Münchehofe GmbH) to Munich-based Mutares, which specialises in turnaround situations. Gläserne Molkerei generated annual sales of around EUR 100 million with over 120 employees. The loss from this transaction amounts to CHF 37.2 million (before tax) and CHF 28.9 million (after tax) and is recognised in the income statement in "Other operating expenses" and tax expenses.