A restatement was compiled as at 1 January 2015, based on the new accounting principles introduced in 2015 in accordance with Swiss GAAP FER. The new accounting standards made it necessary to reassess various balance sheet items. No comparisons were drawn with the previous year.
According to the Swiss GAAP FER framework concept of time limitation, the financial statement needs to be compiled based on the matching of expenses and income at the end of the period. This means that the research funding expenditure needs to be recorded and calculated correctly for the period in question.