10 Financial investments
|
in CHF thousands |
30.06.2021 |
31.12.2020 |
+ / – % |
|
Financial investments at fair value through profit and loss |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
227'683 |
263'285 |
– 13.5 |
|
unlisted |
49'588 |
29'602 |
67.5 |
|
Total debt instruments |
277'270 |
292'887 |
– 5.3 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
64 |
57 |
12.5 |
|
unlisted |
2'328 |
2'245 |
3.7 |
|
Total equity instruments |
2'392 |
2'302 |
3.9 |
|
|
|
|
|
|
Total financial investments at fair value through profit and loss |
279'662 |
295'189 |
– 5.3 |
|
|
|
|
|
|
Financial investments, recognised at fair value through other comprehensive income |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
2'048'982 |
1'809'930 |
13.2 |
|
Total debt instruments |
2'048'982 |
1'809'930 |
13.2 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
119'451 |
57'041 |
109.4 |
|
unlisted |
30'955 |
30'152 |
2.7 |
|
Total equity instruments |
150'406 |
87'193 |
72.5 |
|
|
|
|
|
|
Total financial investments, recognised at fair value through other comprehensive income |
2'199'387 |
1'897'123 |
15.9 |
|
|
|
|
|
|
Total financial investments |
2'479'050 |
2'192'312 |
13.1 |
The equity instruments recognised at fair value through other comprehensive income consist of strategic investments of an infrastructure nature, which are not exchange-listed (see note 14), as well as various instruments of the Swiss Market Index (SMI portfolio). 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.
The SMI portfolio was expanded in the first half of 2021. No disposals were made (business year 2020: CHF thousands 6'645). During the expansion of the portfolio due consideration was paid to the need for rebalancing on account of the shifting of the weighting of individual securities in the SMI.