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Transactions with related parties and companies

Transactions between TX Group and its associates and joint ventures were mostly restricted to the areas of printing and media revenue.

in CHF 000   Associates 1    Joint ventures 1    Pension funds   Board of Directors and
Group Management
    2020   2019   2020   2019   2020   2019   2020   2019
Revenues   3 683   4 692   8 392   8 351       145   271
Operating expenses   (6 547)   (8 226)   (229)   (63)   (24 359)   (24 390)   (164)   (167)
Net financial income / (loss)   7     (6)         (45)   (151)
                                 
Trade accounts receivable   1 015   650   361   423         1
Other current receivables   300   175   641          
Loans receivable   365              
                                 
Trade accounts payable   28   18   11   2       6   4
Other current payables     10   2 983          
Current financial liabilities               2 688   2 709
Non-current financial liabilities       2 500   2 500       2 749   5 527
1 Associates and joint ventures are accounted for in the annual financial statements using the equity method.

Besides the transactions disclosed in Note 39 and in the Compensation Report in relation to members of the Board of Directors and Group Management, TX Group did not achieve any material revenues. In the previous year, revenues totalling CHF 0.3 million were achieved for office rent and for printing services through Schweizer Bauer, over which Martin Kall exerts a significant influence. Compensation to the Board of Directors and Group Management and transactions with companies controlled by members of the TX Group Board of Directors explained in Note 39 and in the Compensation Report are recognised under transactions with the Board of Directors and Group Management. The rents mentioned in Note 39, whose lease conditions fulfil the recognition criteria of IFRS 16 and which have been capitalised accordingly, are reflected in operating expenses, in the financial result and in current and non-current financial liabilities.

There are no guarantees in place in relation to loans receivable and trade accounts receivable/payable from/to related parties and companies.