Consolidated balance sheet

Assets CHF million	Notes	31 March 2026	31 March 2025
Cash and cash equivalents	4.1	721.9	686.9
Other current financial assets	4.4	11.0	12.2
Trade receivables	3.1	527.3	576.9
Current income tax receivables		10.4	7.2
Inventories	3.2	381.0	468.5
Other current operating assets	3.6	170.8	159.6
Assets held for sale	6.3	261.2
Total current assets		2,083.6	1,911.3
Property, plant and equipment	3.3	361.7	379.6
Right-of-use assets	3.4	230.7	238.0
Intangible assets and goodwill	3.5	2,621.0	2,984.6
Investments in associates/joint ventures	6.2	9.1	18.6
Other non-current financial assets	4.4	103.9	64.4
Other non-current operating assets	3.6	8.0	7.0
Retirement benefit asset	7.3	13.1	19.7
Deferred tax assets	5.1	197.8	301.0
Total non-current assets		3,545.2	4,012.9
Total assets		5,628.8	5,924.2

Liabilities and equity CHF million	Notes	31 March 2026	31 March 2025
Current financial liabilities	4.5	121.7	373.8
Current lease liabilities	3.4	68.2	68.7
Trade payables		177.1	269.0
Current income tax liabilities		120.1	176.3
Short-term contract liabilities	2.3	97.7	117.4
Other short-term operating liabilities	3.8	355.1	376.4
Short-term provisions	3.7	98.3	118.5
Liabilities directly associated with assets held for sale	6.3	150.5
Total current liabilities		1,188.5	1,500.1
Non-current financial liabilities	4.5	1,355.5	1,205.8
Non-current lease liabilities	3.4	172.7	179.9
Long-term provisions	3.7	67.1	66.6
Long-term contract liabilities	2.3	139.5	146.0
Retirement benefit obligation	7.3	8.6	14.8
Deferred tax liabilities	5.1	61.0	126.3
Total non-current liabilities		1,804.4	1,739.5
Total liabilities		2,992.9	3,239.6
Share capital	4.6	3.0	3.0
Treasury shares		(45.6)	(5.6)
Retained earnings and reserves		2,656.5	2,667.2
Equity attributable to equity holders of the parent		2,613.9	2,664.6
Non-controlling interests		22.0	20.0
Equity		2,635.8	2,684.6
Total liabilities and equity		5,628.8	5,924.2

The Notes are an integral part of the consolidated financial statements.