Restatement of the disclosures of the operating revenues for 2020 involves a transfer within revenue categories and has no other effect on the consolidated income statement or on other elements of financial reporting. The following effects were taken into account in the restatement:

  • The sale of classified advertising in the publishing area is now reported as revenues from classifieds and services (previously advertising revenue). The reclassification for 2020 amounts to CHF 31.8 million.

  • Revenues from logistics were reported under other operating revenues in the previous year and will be disclosed from 1 January 2021 under revenues from print and logistics (revenue category was renamed from print revenue to revenue from print and logistics). The reclassification amounts to CHF 12.7 million.

Also for the first time, with the financial statements for 2021, consolidated cash flows are determined and disclosed using the indirect process.