Consolidated balance sheet

CHF million	Notes	30.06.2013 reviewed	31.12.2012 [1] reviewed	01.01.2012 [1] reviewed

Yield-producing properties	11	2 784.4	2 530.9	2 529.2
Investment real estate under construction	11	569.4	628.1	421.8
Other property, plant and equipment		2.1	2.3	2.4
Financial assets		14.2	11.9	10.5
Intangible assets		4.8	5.7	0.0
Deferred tax assets		42.8	48.9	43.0
Fixed assets		3 417.7	3 227.8	3 006.9

Development real estate	12	579.5	594.8	533.0
Trade receivables		104.5	76.8	85.1
Other receivables		4.2	2.9	3.6
Cash		57.3	26.1	71.9
Current assets		745.5	700.6	693.6

Assets		4 163.2	3 928.4	3 700.5

Share capital	13	797.1	797.1	683.2
Capital reserves		407.7	495.3	419.2
Treasury shares	13	–4.1	–1.0	–1.9
Retained earnings		705.4	615.9	513.8
Equity		1 906.1	1 907.3	1 614.3

Long-term borrowings	14	411.2	409.6	356.0
Provisions for deferred tax liabilities		152.6	146.0	141.4
Long-term provisions		4.1	3.8	4.2
Other long-term liabilities		44.1	76.8	77.4
Long-term liabilities		612.0	636.2	579.0

Trade payables		178.2	147.1	120.4
Payments for development real estate		38.6	32.4	18.2
Current tax liabilities		14.1	16.0	19.9
Other current liabilities		55.5	32.1	36.0
Short-term provisions		4.4	3.3	2.7
Short-term borrowings	14	1 354.3	1 154.0	1 310.0
Short-term liabilities		1 645.1	1 384.9	1 507.2
Liabilities		2 257.1	2 021.1	2 086.2

Equity and liabilities		4 163.2	3 928.4	3 700.5

[1]Adjusted values owing to restatement in accordance with IAS 19 (revised) to reflect pension fund assets and pension fund commitments, see Note 2