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Pending transactions

There are out-of-home advertising contracts with an obligation to provide future services intended to obtain a specific level of revenue in the amount of CHF 167.8 million (previous year: CHF 54.4 million). The management estimates, like the previous year, that the agreed revenue targets will be achieved. Provisions would be formed for loss-generating contracts. The significant increase on the previous year is due in particular to two major new contracts in the Zurich and Basle area.

Framework agreements were entered into with major suppliers in the previous year for the procurement of newsprint and magazine paper, including a purchase agreement worth CHF 19.5 million. In the current year, there are no such agreements in relation to future delivery periods.

There are no other pending transactions as of the balance sheet date.