The current financial situation in AVS
AVS ended 2019 with a negative apportionment result (–1.2 billion francs). The balance (operating result) also incorporates return on capital and the change in capital value. In 2019, after a year of strong stock market performance, it amounted to 1.7 billion francs. At the end of 2019, capital amounted to 45.2 billion, which is equivalent to 99.9% of annual expenditure.
