4.5Related parties and companies
in CHF mn | Associates / joint ventures 1 | Employee benefit funds | Board of Directors and Executive Management | |||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |
Revenues | 3.1 | 4.7 | - | - | - | - |
Operating expense | -2.3 | -4.8 | -18.5 | -20.3 | -7.7 | -7.2 |
Financial result | 0.2 | -0.0 | - | - | - | - |
Trade accounts receivable | 1.7 | 1.0 | - | - | - | - |
Other current receivables | 0.4 | 0.6 | 1.0 | - | - | - |
Loan receivables | - | - | - | - | - | - |
Current financial liabilities | - | -0.3 | - | - | - | - |
Trade accounts payable | -0.6 | -0.6 | - | - | -0.0 | -0.0 |
1Associates and joint ventures are accounted for in the financial statements using the equity method.
Other than the transactions disclosed in the Compensation Report in relation to members of the Board of Directors and the Executive Management, TX Group did not generate any material revenues with related parties. Compensation to the Board of Directors and the Executive Management and transactions with companies controlled by members of the TX Group Board of Directors explained in Note 1.3 and in the Compensation Report are recognised under transactions with the Board of Directors and the Executive Management.
There are no guarantees in place in relation to loan receivables and trade accounts receivable/payable from/to related parties and companies.
Transactions with associates, joint ventures and related parties are conducted on an armʼs length basis. In addition to the information disclosed in this note, details relating to the compensation of the Board of Directors and the Executive Management are disclosed in the Compensation Report.