The current financial situation in AVS
AVS ended 2023 with a positive apportionment result (1,2 billion francs). The balance (operating result) also incorporates return on capital and the change in capital value. In 2023, after a year of positive stock market performance, it amounted to 2,9 billion francs. At the end of 2023, capital amounted to 49,9 billion, which is equivalent to 99,9% of annual expenditure.