Annual Report 2024 2025

Prepaid expenses/accrued revenues This position includes the prepaid expenses relating to the following accounting period, as well as accrued revenue. Investment securities Securities are valued at acquisition cost less impairment. Provisions for unrealized losses are booked, if required. Gains are recognized when securities are disposed of and are booked under financial income. Realized gains and losses on disposals of investment securities are recognized in financial income and expenses, respectively, using the weighted average cost method. Property, plant and equipment Property, plant and equipment are recorded at historical cost, less accumulated depreciation. The depreciation method is straight-line and based on the following useful lives, by category of assets: Expenses for repairs and maintenance are booked to the profit and loss statement under “expenses for equipment”. Expenses for major renovation are capitalized and amortized over the life of the element replaced, but never beyond the remaining useful life of the underlying asset. Costs of research for ongoing projects are not capitalized, but expensed when incurred. The Foundation tests each asset at the balance sheet date, and any impairment is recognized if necessary. The tests are performed in a cyclic manner on the basis of 10 years for art objects and five years for land and buildings.Intangible assets Research costs are expensed as incurred. Development expenditures on an individual project are recognized as an intangible asset, also called “ICT” when the organization can demonstrate the following: –The intangible asset is identifiable and controlled by the organization –The ability to measure reliably the expenditure during development –How the asset will generate future economic benefits over several years –The availability of resources to complete the asset The Forum capitalizes costs for product development projects. Initial capitalization of costs is based on management’s judgement that technological and economic feasibility is confirmed, usually when a product development project has reached a defined milestone according to an established project management model. In determining the amounts to be capitalized, management makes assumptions such as determining the percentage of time certain employees and consultants spend on development activities eligible for capitalization, and assessing the expected future cash generation and benefits of the projects. Intangible assets are included at their historical value, reduced by depreciation. Depreciation method is straight- line and based on a standard useful life of generally between two and three years. Amortization of the asset begins when development is complete and the asset is available for use. The carrying value of the intangible assets is tested for impairment annually. Accrued liabilities This item includes expenses payable relating to the current period, for which the invoice was not received at year-end, and will only be paid in the following period. Provisions A provision is booked when the Foundation has a probable obligation based on a past event, and its amount and/or due date are uncertain but can be estimated. This obligation gives rise to a liability. Loans and derivatives Loans from credit institutions are recognized at their nominal value. Debt issuance costs are amortized over the term of the debt. They are classified as current liabilities unless the settlement of the liability is deferred for at least 12 months after the reporting date. The risk surrounding the fluctuation of foreign exchange rates and interest rates is hedged by derivative financial instruments. Following the Swiss GAAP FER framework,Nature of the assets Depreciation term (years) Building, new construction 30 Real estate 10 Furniture and equipment 5 Leasehold improvementsThe lowest between the useful life and the residual lease term IT software 5 IT hardware 3 Furniture and equipment (events)3 Vehicles 3 Art objects No depreciation Land No depreciation Assets under construction No depreciation Annual Report 2024-2025 Financial Statements70