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The 2016 annual accounts of Jungfraubahn Holding AG, Interlaken, have been prepared in accordance with the provisions of Swiss Accounting Law (Section 32 of the Swiss Code of Obligations).

Various information

Jungfraubahn Holding AG did not employ any staff in the reporting year nor in the previous year. Since the balance sheet date of 31 As of December 2016, no events have occurred which affect the validity of the 2016 annual accounts of Jungfraubahn Holding AG.

Treasury shares

CHF (thousands)20162015
Inventory on 1st January(2016: 14,737 shares, 2015: 21,870 shares)1,3791,560
Purchases(2016: 20,476 shares, 2015: 16,138 shares)1,9431,517
Sales(2016: 30,509 shares, 2015: 23,271 shares)-2,842-2,165
Inventory on 31st December(2016: 4,704 shares, 2015: 14,737 shares)4421,379
Average price of purchased treasury shares (CHF)94.8993.97
Average price of treasury shares sold (CHF)93.1593.05

Holdings / voting rights in per cent

Share capital CHF (thousands)20162015
Group companies
Jungfraubahn AG, Interlaken; operation of a rack railway from Kleine Scheidegg to Jungfraujoch10,000100.0%100.0%
Wengernalpbahn AG, Interlaken; operation of a rack railway, chair lifts and ski lifts10,000100.0%100.0%
Firstbahn AG, Grindelwald; operation of the First Railway as well as chairlifts and ski lifts, hotels and restaurants10,000100.0%100.0%
Parkhaus Lauterbrunnen AG, Lauterbrunnen; construction and operation of Lauterbrunnen car park1,000100.0%100.0%
Mürrenbahn AG, Lauterbrunnen; operation of cable car and narrow gauge railway from Lauterbrunnen to Mürren [1]100100.0%0.0%
Bergbahn Lauterbrunnen-Mürren AG; operation of cable car and narrow gauge railway from Lauterbrunnen to Mürren1,80094.0%80.0%
Harderbahn AG, Interlaken; Interlaken-Harder cable car and Harder Kulm restaurant70588.2%69.0%
Grindelwald Grund Infrastruktur AG, Grindelwald; creating, maintaining and managing the infrastructure of railway stations, terminal, car park [1]10,00080.0%0.0%
Jungfraubahnen Management AG, Interlaken; management / company consultancy, provision of services10067.0%67.0%
Sphinx AG Jungfraujoch, Fieschertal VS; ownership and management of Sphinx buildings, Jungfraujoch5357.1%57.1%
Associated companies
Gondelbahn Grindelwald-Männlichen AG, Grindelwald; operation of gondola lift and ski lifts in the Männlichen area11,00035.5%28.3%
Skilift Bumps AG, Wengen; creation, operation and maintenance of a ski lift on the Wickibort22022.7%22.7%
Deviating voting rights in holdings as a percentage
Gondelbahn Grindelwald-Männlichen AG, Grindelwald34.8%27.2%
Other significant holdings
Intersport Rent-Network Jungfrau Region AG, Grindelwald40012.5%8.3%
Berner Oberland-Bahnen AG, Interlaken12,3418.1%8.1%
[1] Company founded in 2016

Shareholder structure

Significant shareholders
BEKB | BCBE (Berner Kantonalbank), Bern14.3%14.3%
Gebäudeversicherung Bern, Bern7.7%7.7%
Securitas Investment AG, Zollikofen4.7%4.7%
Martin Haefner, Horw4.0%4.0%
Montalto Holding AG, Zug3.2%3.2%

Further information

CHF (thousands)20162015
Sureties, guarantees and pledges in favour of third parties
Joint and several liability for all value-added tax liabilities of the Jungfraubahn Group (including Berner Oberland-Bahnen AG)p.m.p.m.
Net release of silent reserves090

Holding relationships of directors and management board members

Disclosure under Art. 663c ORNumber of shares 2016Number of shares 2015Voting rights share 2016
Board of Directors
Prof. Thomas Bieger, Board Chairman9,4508,7000.16%
Dr. Jürg Rieben, Board Vice-Chairman8,5547,8040.15%
Peter Baumann, Board of Directors4,9504,2000.08%
Nils Graf, Board of Directors4,1633,4130.07%
Bruno Hofweber, Board of Directors5,3405,9650.09%
Ueli Winzenried, Board of Directors4,5003,7500.08%
Total Board of Directors36,95733,8320.63%
Company Management
Urs Kessler, Chairman of the Executive Board30,00027,9080.51%
Jürg Lauper, Head of Infrastructure9,19710,4970.16%
Christoph Schläppi, Head of Corporate Services8,84910,6130.15%
Christoph Seiler, Head of Finances and Controlling16,60815,9260.28%
Total management64,65464,9441.10%

The relationships between the largest shareholders and individual members of the Board of Directors are disclosed in Figure 3.1 of the Corporate Governance Report. This connection is classified as "not related". There is no attribution of the shareholding held by the major shareholders to individual Board members.