15 Financial investments
|
in CHF thousands |
31.12.2021 |
31.12.2020 |
+ / – % |
|
Financial investments at fair value through profit and loss |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
146'032 |
263'285 |
– 44.5 |
|
unlisted |
44'985 |
29'602 |
52.0 |
|
Total debt instruments |
191'017 |
292'887 |
– 34.8 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
2 |
57 |
– 96.4 |
|
unlisted |
2'315 |
2'245 |
3.1 |
|
Total equity instruments |
2'317 |
2'302 |
0.7 |
|
|
|
|
|
|
Total financial investments at fair value through profit and loss |
193'334 |
295'189 |
– 34.5 |
|
|
|
|
|
|
Financial investments, recognised at fair value through other comprehensive income |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
1'986'598 |
1'809'930 |
9.8 |
|
Total debt instruments |
1'986'598 |
1'809'930 |
9.8 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
229'300 |
57'041 |
302.0 |
|
unlisted |
30'952 |
30'152 |
2.7 |
|
Total equity instruments |
260'251 |
87'193 |
198.5 |
|
|
|
|
|
|
Total financial investments, recognised at fair value through other comprehensive income |
2'246'849 |
1'897'123 |
18.4 |
|
|
|
|
|
|
Total financial investments |
2'440'183 |
2'192'312 |
11.3 |
The equity instruments recognised at fair value through other comprehensive income consist of strategic investments of an infrastructure nature, which are not exchange-listed (see note 33), as well as various equities 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.
During the reporting period, additional investments were made in securities that track the SMI. In addition, due to the departure of the Swatch Group from the SMI, there was a sale of these equity securities. The sale resulted in a loss of CHF thousands 80 (previous year: minus CHF thousands 215). The fair value of the transactions amounts to CHF thousands 752 (previous year: CHF thousands 6'645). The loss was recognised directly in retained earnings.