The current financial situation in AVS
AVS ended 2020 with a positive apportionment result (0.6 billion francs). The balance (operating result) also incorporates return on capital and the change in capital value. In 2020, after a year of positive stock market performance, it amounted to 1.9 billion francs. At the end of 2020, capital amounted to 47.2 billion, which is equivalent to 102.6% of annual expenditure.