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Transactions with related parties and companies

Transactions between the 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 fund   Board of Directors and
Group Management
    2021   2020   2021   2020   2021   2020   2021   2020
Revenues   2 585   3 683   5 206   8 392       219   145
Operating expenses   (8 442)   (6 547)   (715)   (229)   (22 667)   (24 359)   (292)   (164)
Net financial income / (loss)   (40)   7   (32)   (6)       (64)   (45)
                                 
Trade accounts receivable   1 115   1 015   353   361        
Other current receivables   1 951   300   809   641        
Loan receivables   15 640   365   860          
                                 
Trade accounts payable   1 498   28   658   11       35   6
Other current liabilities         2 983        
Current financial liabilities   6     904         1 516   2 688
Non-current financial liabilities   64 181     2 500   2 500       1 112   2 749
1 Associates and joint ventures are accounted for in the annual financial statements using the equity method.

Besides the transactions disclosed in Note 40 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. 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 40 and in the Compensation Report are recognised under transactions with the Board of Directors and Group Management. The rents mentioned in Note 40, 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.