The current financial situation in AVS
AVS ended 2022 with a positive apportionment result (1.6 billion francs). The balance (operating result) also incorporates return on capital and the change in capital value. In 2022, after a year of negative stock market performance, it amounted to -2.7 billion francs. At the end of 2022, capital amounted to 47.0 billion, which is equivalent to 98.4% of annual expenditure.