Cash and cash equivalents amounts to CHF 430 800 195 at the end of 2018 compared with CHF 336 563 078 at the end of 2017 and comprise cash in hand denominated mainly in euro and in Swiss francs and to a lesser extent in other currencies.

Short-term deposits amount to CHF 14 760 000 at the end of 2018 compared to nil at the end of 2017 and include short-term deposits with an original maturity between 90 and 365 days.