27 Contingent liabilities and encumbrance of assets
At December 31, 2014 and 2015, the Group had no significant contingent liabilities to third parties, and none of the Group’s assets were pledged, assigned or subject to retention of title, except for the following positions:
| 2014 | 2015 |
CHF 1,000 |
|
|
Pledged assets |
|
|
Cash and cash equivalents | – | 69 |
Land and buildings | – | 4,351 |
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