3 Scope of consolidation


3.1 Change in scope of consolidation: information on prior year acquisition

The Group acquired 100% of the voting rights of Pulssar Technologies S.A.S. (Paris, France) to increase the technology portfolio of its ‘Partnering Business’ on February 28, 2017. The consideration included a contingent consideration.


3.2 Disposal group held for sale

In the second half of 2016 management committed to a plan to sell its Hombrechtikon manufacturing facility after having transferred all business activities to Männedorf. Accordingly, the facility and the related mortgage were presented as a disposal group held for sale. In the first half of 2018, the mortgage was repaid and the interest derivative settled. Efforts to sell the facility continue.


The disposal group comprised the following assets and liabilities: 


CHF 1,000




Land and buildings in Hombrechtikon, Zurich (CH)








Assets held for sale












Interest derivative








Liabilities held for sale




Land and buildings are valued at the lower of their carrying amount and fair value less costs to sell.