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(s) Exchange Rates AppliedThe financial statements of foreign subsidiaries are drawn up in local currency and translated into Swiss francs for consolidation purposes. The following most significant exchange rates were applied:Statement of financial position year-end ratesStatement of financial position year-end ratesIncome statement average ratesIncome statement average ratesCurrency 2023 2022 2023 20221 AUD 0.574 0.628 0.597 0.6631 CNY 0.118 0.133 0.127 0.1421 EUR 0.930 0.986 0.972 1.0061 GBP 1.072 1.114 1.117 1.1811 HKD 0.108 0.119 0.115 0.122100 JPY 0.595 0.702 0.639 0.726100 KRW 0.065 0.073 0.069 0.074100 MMK 0.031 0.040 0.043 0.0501 MYR 0.183 0.211 0.197 0.2171 PHP 0.015 0.017 0.016 0.0181 SGD 0.638 0.689 0.669 0.6931 THB 0.025 0.027 0.026 0.0271 TWD 0.027 0.030 0.029 0.0321 USD 0.841 0.924 0.898 0.9551,000 VND 0.035 0.039 0.038 0.041DKSH Annual Report 2023 69