15 Financial investments
|
in CHF thousands |
31.12.2023 |
31.12.2022 |
+ / – % |
|
Financial investments at amortised cost |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
813'599 |
0 |
|
|
unlisted |
20'507 |
519'935 |
– 96.1 |
|
Total debt instruments |
834'106 |
519'935 |
60.4 |
|
|
|
|
|
|
Total financial investments at amortised cost |
834'106 |
519'935 |
60.4 |
|
|
|
|
|
|
Financial investments at fair value through profit and loss |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
24'109 |
47'781 |
– 49.5 |
|
unlisted |
32'326 |
41'894 |
– 22.8 |
|
Total debt instruments |
56'435 |
89'676 |
– 37.1 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
10 |
9 |
15.2 |
|
unlisted |
263 |
263 |
0.2 |
|
Total equity instruments |
274 |
272 |
0.7 |
|
|
|
|
|
|
Total financial investments at fair value through profit and loss |
56'709 |
89'947 |
– 37.0 |
|
|
|
|
|
|
Financial investments, recognised at fair value through other comprehensive income |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
1'663'993 |
2'353'022 |
– 29.3 |
|
Total debt instruments |
1'663'993 |
2'353'022 |
– 29.3 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
199'062 |
191'256 |
4.1 |
|
unlisted |
33'116 |
33'297 |
– 0.5 |
|
Total equity instruments |
232'179 |
224'553 |
3.4 |
|
|
|
|
|
|
Total financial investments, recognised at fair value through other comprehensive income |
1'896'172 |
2'577'576 |
– 26.4 |
|
|
|
|
|
|
Total financial investments |
2'786'987 |
3'187'458 |
– 12.6 |
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.
Within the scope of the reweighting of the SMI, LLB adjusted its portfolio of equities recognised in other comprehensive income. The disposals resulted in a loss of CHF thousands 4ʼ241 (previous year: minus CHF thousands 141). The fair value of the transactions amounted to CHF thousands 9ʼ607 (previous year: CHF thousands 6ʼ955). The loss was recognised directly in retained earnings.