Notes to the Financial Statements Hilti Corporation (8) Trade and other receivables in CHF million 2018 2017 Short-term Long-term Total Short-term Long-term Total Trade accounts receivables from third parties 25.2 – 25.2 28.4 – 28.4 Trade accounts receivables from Group companies 655.1 – 655.1 717.7 – 717.7 Total trade accounts receivables 680.3 – 680.3 746.1 – 746.1 Other accounts receivables from third parties 20.6 – 20.6 26.8 – 26.8 Other accounts receivables from Group companies 44.6 – 44.6 60.7 – 60.7 Total other accounts receivables 65.2 – 65.2 87.5 – 87.5 Total trade and other receivables 745.5 – 745.5 833.6 – 833.6 The contractual maturity of short-term receivables is less than one year and for long-term receivables over one year. Equity (9) in CHF million Share and Legal Foreign Retained Total PC capital reserves currency earnings equity translation reserve Equity at January 1, 2018 126.7 108.4 (12.5) 2,340.2 2,562.8 Dividend paid – – – (263.6) (263.6) Foreign currency translation differences – – (2.3) – (2.3) Net income – – – 380.8 380.8 Equity at December 31, 2018 126.7 108.4 (14.8) 2,457.4 2,677.7 As per year ending 2018 the share capital consists of 253,440 registered shares with a par value of CHF 500 each (2017: the share capital consists of 176,000 registered shares with a par value of CHF 500 each and the participation capital consists of 774,400 participation certificates with a par value of CHF 50 each. The participation capital has no voting rights.). The extraordinary General Meeting held at March 6, 2018 resolved to convert the participation capital of Hilti Corporation into share capital. The 774,400 participation certificates with a par value of CHF 50 each are converted to 77,440 registered shares with a par value of CHF 500 each. The share capital now consists of 253,440 registered shares with a par value of CHF 500 each. The total capital has not changed and continues to amount to CHF 126.7 million. All the capital is fully paid in and is entitled to dividends. The currency translation differences arise from the inclusion of the income statement and balance sheet items of plant Thüringen, Austria, which are denominated in euro. The foreign currency translation reserve comprises the accumulated foreign currency gains and losses recognized in equity since 2003. (10) Provisions in CHF million 2018 2017 Provision for employee benefits 45.1 33.8 Tax obligations 30.5 35.8 Other provisions 10.1 5.3 Total provisions 85.7 74.9 Other provisions relate mainly to product liability. 2018 Financial Report | 87