IFRS Certification

Under Swiss law, Switcher SA is required to establish consolidated balance sheets, an obligation the company fulfills according to IFRS international accounting standards.

IFRS norms require that company financial statements give a 'true and fair' view without any hidden reserves (even though Switzerland's Code of Obligations allows them). The company's statements are prepared with the assistance of its auditors, PriceWaterhouseCoopers SA.