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.