10 Financial investments

(unaudited)
(XLSX:) Download

in CHF thousands

 

30.06.2020

 

31.12.2019

 

+/− %

Financial investments at fair value through profit and loss

 

 

 

 

 

 

Debt instruments

 

 

 

 

 

 

listed

 

384'004

 

455'063

 

–15.6

unlisted

 

27'378

 

40'833

 

–33.0

Total debt instruments

 

411'382

 

495'896

 

–17.0

 

 

 

 

 

 

 

Equity instruments

 

 

 

 

 

 

listed

 

49

 

80

 

–38.6

unlisted

 

2'360

 

2'443

 

–3.4

Total equity instruments

 

2'409

 

2'523

 

–4.5

 

 

 

 

 

 

 

Total financial investments at fair value through profit and loss

 

413'791

 

498'419

 

–17.0

 

 

 

 

 

 

 

Financial investments, recognised at fair value through other comprehensive income

 

 

 

 

 

 

Debt instruments

 

 

 

 

 

 

listed

 

1'770'453

 

1'595'413

 

11.0

Total debt instruments

 

1'770'453

 

1'595'413

 

11.0

 

 

 

 

 

 

 

Equity instruments

 

 

 

 

 

 

listed

 

53'578

 

46'366

 

15.6

unlisted

 

30'070

 

28'177

 

6.7

Total equity instruments

 

83'647

 

74'543

 

12.2

 

 

 

 

 

 

 

Total financial investments, recognised at fair value through other comprehensive income

 

1'854'101

 

1'669'956

 

11.0

 

 

 

 

 

 

 

Total financial investments at fair value

 

2'267'891

 

2'168'375

 

4.6

The equity instruments recognised at fair value through other comprehensive income consist of strategic investments of an infrastructure nature, which are not exchange-listed, as well as various instruments of the Swiss Market Index (SMI). Short-term profit-taking is not the focus with equity instruments recognised at fair value through other comprehensive income, rather they represent a long-term position, which pursues the collection of dividends and a long-term appreciation in value.

In the reporting period securities, which were an integral part of the replicating SMI portfolio, were sold. The sales occurred on account of a change to the weighting of individual securities within the portfolio. The sale of the securities provided a profit of CHF thousands 157; the fair value of the transactions amounted to CHF thousands 2'763. The profit of CHF thousands 157 was recognised in other comprehensive income and then reclassified in retained earnings.