Activity Report 2015

62 Appendix | RAB 2015
23. Operating leases (off-balance sheet)
(in CHF)
2015 2014
Minimum payments within one year 10,740 10,740
Minimum payments in years 2 to 6 10,740 21,480
Operating leases comprise off-balance
sheet liabilities relating to a contract
for Triumph-Adler multi-purpose
equipment. The current contract has
a total term of 6 years (1.1.2012 –
1.1.2018).
The FAOA has not entered into any
finance leases which would be on the
balance sheet.
24. Related party transactions
a. Definition of term «related parties»
Related parties are entities or individuals
who can influence the FAOA or
be influenced by the FAOA. The following
groups are defined as related:
− The Federal Administration, within
the meaning of Art. 6 Government
and Administration Organisation
Ordinance (RVOV; SR 172.010.1)
− Swisscom, Post, Swiss Federal
Railways
− Members of the Board of Directors
− Members of the Executive Board
All transactions with related individuals
and entities were entered into on
the basis of normal customer, respectively
supplier, relationships and strictly
on arm’s length terms.
b. Particular relationship with the
Federal Government
The FAOA is a public-law institution
of the Federal Government with separate
legal identity (Art. 28 para. 2
AOA) and part of the de-centralised
Federal Administration. The Federal
Government can influence the FAOA
in many ways:
− The AOA is a federal law enacted by
the Federal Councillors. The AOO
and other regulations are enacted
by the Federal Council.
− The Federal Council elects the Board
of Directors, appoints the Chairman
and Vice-Chairman and determines
compensation. It can also dismiss
the members of the Board of Directors
for significant reasons (Art. 30
paras. 3, 5 and 6 AOA).
− The Federal Council approves the
creation and termination of the
employment contract with the
Chief Executive Officer (Art. 30a
letter g AOA).
− The Federal Council approves the
affiliation agreement with PUBLICA
(Art. 30a letter e AOA).
− The Federal Council approves the
strategic goals and checks on an
annual basis whether they have
been met (Art. 30a letter b and Art.
38 para. 2 letter f AOA).
− The Federal Council approves the
financial statements and discharges
the Board of Directors of its responsibilities
(Art. 30a letter m and Art.
38 para. 2 letter g AOA).
− As auditor of the FAOA, the Swiss
Federal Audit Office audits the
oversight authority in accordance
with the CO (Art. 32 para. 2 AOA)
and the Federal Auditing Act.
− The FAOA is required to invest
excess funds with the Federal Government
at market interest rates
(Art. 36 para. 1 AOA).
If required for liquidity reasons, the
Federal Government grants the FAOA
loans at market interest rates (Art. 36
para. 2 AOA). The FAOA is exempt
from all federal, cantonal and municipal
taxes (Art. 37 AOA).