Social Security Funds Act
English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.
Art. 13 Financial reporting
1 The financial statements present a true and fair view of the Institution’s financial position and performance. 2 They comply with generally accepted accounting standards, and in particular the principles of materiality, completeness, comprehensibility, consistency and gross presentation. 3 The Federal Council may issue regulations on financial reporting. 4 The accounting polices derived from the accounting standards must be disclosed in the notes to the balance sheet.
Art. 14 Accounting
1 The Institution is responsible for keeping accounts for its asset management, including the related operating and administrative expenses. It assigns the financial result to each of the three social security funds on a monthly basis in proportion to their share in the relevant investments. 2 The Institution prepares aggregated financial statements; it does so on the basis of the annual financial statements for the OASI/AHV/AVS, InvI/IV/AI and LEC/EO/APG prepared by the Central Compensation Office in accordance with Article 71 paragraph 1bis OASIA/AHVG/LAVS.
Para. 2 — SR 831.10
Art. 15 Operating and administrative expenses
The Institution’s operating and administrative expenses are charged to the three social security funds in proportion to their total assets.
Art. 16 Annual report
1 The annual report contains: a. the Institution’s annual financial statements; b. the Institution’s management report; c. the separate financial statements for the OASI/AHV/AVS, InvI/IV/AI and LEC/EO/APG prepared by the Central Compensation Office in accordance with Article 71 paragraph 1bis OASIA/AHVG/LAVS. 2 The annual financial statements of the Institution and the three social insurance schemes comprise the balance sheet, the income statement and the notes. The Institution’s annual financial statements provide information on the status and development of investments in particular. 3 The Institution’s management report contains in particular information on risk management, personnel development and the interests of the members of the Board of Directors in accordance with Article 7 paragraph 8. 4 The Board of Directors completes the annual report at the end of the calendar year
Para. 1 let. c — SR 831.10
Art. 17 Taxes
The Institution is exempt from direct federal, cantonal and communal taxes and from cantonal and communal inheritance and gift taxes. The levying of capital gains tax on real estate that has no necessary and direct relationship with the administrative activities of the social security funds is reserved.