27 Contingent liabilities and encumbrance of assets

At December 31, 2012 and 2013, 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:

CHF 1,000

2012

2013

Pledged assets

  

Cash and cash equivalents

134,000

145,900

Derivatives with positive fair value

1,555

3,360