6.2Investments in associates/joint ventures
The Groupʼs share in the results as well as in assets and liabilities of associates/joint ventures, all unlisted enterprises, is as follows:
CHF million | 2025/26 | 2024/25 | ||
Current assets | 5.6 | 5.1 | ||
Non-current assets | 2.3 | 4.5 | ||
Total assets | 8.0 | 9.6 | ||
Current liabilities | (2.3) | (1.5) | ||
Non-current liabilities | (1.3) | (1.4) | ||
Total liabilities | (3.6) | (2.9) | ||
Net assets | 4.4 | 6.6 | ||
Income for the year | 13.0 | 12.1 | ||
Expenses for the year | (8.1) | (6.7) | ||
Profit for the year | 4.8 | 5.4 | ||
Net book value at year-end | 9.1 | 18.6 | ||
- Share of profit / (loss) recognized by the Group | 4.8 | 5.4 | ||
- Gain on disposal of investment in associate | 37.0 | |||
Share of profit/(loss) in associates/joint ventures, net and gain on disposal of associate | 41.8 | 5.4 |
In the financial year 2025/26, a disposal was made of an investment in associate with a net book value of CHF 9.3 million resulting a gain on disposal of CHF 37.0 million.
In the financial year 2024/25, no associates were acquired/divested.
Sales to associates in the 2025/26 financial year amounted to CHF 16.1 million (previous year CHF 12.8 million). At 31 March 2026, trade receivables towards associates amounted to CHF 4.5 million (previous year CHF 3.2 million).
At the end of the 2025/26 and 2024/25 financial years, no unrecognized losses existed.
Investments with a net book value of CHF 9.1 million (previous year CHF 18.6 million) have a business year different than the Sonova Group. The latest available information for the respective companies are as per December 2025.
Accounting policies
Investments in associates and joint ventures are accounted for using the equity method of accounting. Investments in associates are entities in which Sonova has a significant influence but no control (usually 20% – 50% of voting rights). Joint ventures are joint arrangements whereby two or more parties have rights to the net assets of the arrangement.
Under the equity method, the investment in an associate/joint venture is recognized initially at cost (including goodwill on acquisition) and the carrying amount is increased or decreased to recognize Sonovaʼs share of profit or loss of the associate/joint venture after the acquisition date. When the Groupʼs share of losses in an associate/joint venture equals or exceeds its interest in the associate/joint venture, no further losses are recognized, unless there is a legal or constructive obligation. In order to apply the equity method the most recent available financial statements of an associate/joint venture are used, however, due to practicability reasons the reporting dates might vary up to three months from the Groupʼs reporting date.