15 Financial investments
|
in CHF thousands |
31.12.2022 |
31.12.2021 |
+ / – % |
|
Financial investments at amortised cost |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
0 |
|
|
|
unlisted |
519'935 |
|
|
|
Total debt instruments |
519'935 |
|
|
|
|
|
|
|
|
Total financial investments at amortised cost |
519'935 |
|
|
|
|
|
|
|
|
Financial investments at fair value through profit and loss |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
47'781 |
146'032 |
– 67.3 |
|
unlisted |
41'894 |
44'985 |
– 6.9 |
|
Total debt instruments |
89'676 |
191'017 |
– 53.1 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
9 |
2 |
335.0 |
|
unlisted |
263 |
2'315 |
– 88.6 |
|
Total equity instruments |
272 |
2'317 |
– 88.3 |
|
|
|
|
|
|
Total financial investments at fair value through profit and loss |
89'947 |
193'334 |
– 53.5 |
|
|
|
|
|
|
Financial investments, recognised at fair value through other comprehensive income |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
2'353'022 |
1'986'598 |
18.4 |
|
Total debt instruments |
2'353'022 |
1'986'598 |
18.4 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
191'256 |
229'300 |
– 16.6 |
|
unlisted |
33'297 |
30'952 |
7.6 |
|
Total equity instruments |
224'553 |
260'251 |
– 13.7 |
|
|
|
|
|
|
Total financial investments, recognised at fair value through other comprehensive income |
2'577'576 |
2'246'849 |
14.7 |
|
|
|
|
|
|
Total financial investments |
3'187'458 |
2'440'183 |
30.6 |
The equity instruments recognised at fair value through other comprehensive income consist of strategic investments of an infrastructure nature, which are not exchange-listed (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, adjustments were made in the portfolio of SMI equities because the weighting of individual SMI securities had changed. The disposals resulted in a loss of CHF thousands 141 (previous year: minus CHF thousands 80). The fair value of the transactions amounted to CHF thousands 6'955 (previous year: CHF thousands 752). The loss was recognised directly in retained earnings.