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LLB Annual Report 2020 de

15 Financial investments

in CHF thousands

31.12.2020

31.12.2019

+ / – %

Financial investments at fair value through profit and loss

 

 

 

Debt instruments

 

 

 

listed

263'285

455'063

– 42.1

unlisted

29'602

40'833

– 27.5

Total debt instruments

292'887

495'896

– 40.9

 

 

 

 

Equity instruments

 

 

 

listed

57

80

– 28.8

unlisted

2'245

2'443

– 8.1

Total equity instruments

2'302

2'523

– 8.7

 

 

 

 

Total financial investments at fair value through profit and loss

295'189

498'419

– 40.8

 

 

 

 

Financial investments, recognised at fair value through other comprehensive income

 

 

 

Debt instruments

 

 

 

listed

1'809'930

1'595'413

13.4

Total debt instruments

1'809'930

1'595'413

13.4

 

 

 

 

Equity instruments

 

 

 

listed

57'041

46'366

23.0

unlisted

30'152

28'177

7.0

Total equity instruments

87'193

74'543

17.0

 

 

 

 

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

1'897'123

1'669'956

13.6

 

 

 

 

Total financial investments

2'192'312

2'168'375

1.1

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), which replicate them in the same weighting. Short-term profit-taking is not the focus with the equity instruments recognised at fair value through other comprehensive income, rather they represent a long-term position, which pursues the collection of dividends and long-term capital appreciation.

In the accounting period, the securities that replicate the SMI were rebalanced because the weighting of the individual securities within the SMI had shifted. The sale of the securities resulted in a loss of CHF thousands 215; the fair value of the transactions amounted to CHF thousands 6'645. The loss of CHF thousands 215 was recognised in retained earnings.