10 Financial investments
|
in CHF thousands |
30.06.2023 |
31.12.2022 |
+ / – % |
|
Financial investments at amortised cost |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
435'640 |
0 |
|
|
unlisted |
0 |
519'935 |
– 100.0 |
|
Total debt instruments |
435'640 |
519'935 |
– 16.2 |
|
|
|
|
|
|
Total financial investments at amortised cost |
435'640 |
519'935 |
– 16.2 |
|
|
|
|
|
|
Financial investments at fair value through profit and loss |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
42'632 |
47'781 |
– 10.8 |
|
unlisted |
42'392 |
41'894 |
1.2 |
|
Total debt instruments |
85'024 |
89'676 |
– 5.2 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
10 |
9 |
12.1 |
|
unlisted |
271 |
263 |
3.1 |
|
Total equity instruments |
281 |
272 |
3.4 |
|
|
|
|
|
|
Total financial investments at fair value through profit and loss |
85'305 |
89'947 |
– 5.2 |
|
|
|
|
|
|
Financial investments, recognised at fair value through other comprehensive income |
|
|
|
|
Debt instruments |
|
|
|
|
listed |
1'969'684 |
2'353'022 |
– 16.3 |
|
Total debt instruments |
1'969'684 |
2'353'022 |
– 16.3 |
|
|
|
|
|
|
Equity instruments |
|
|
|
|
listed |
203'384 |
191'256 |
6.3 |
|
unlisted |
33'463 |
33'297 |
0.5 |
|
Total equity instruments |
236'847 |
224'553 |
5.5 |
|
|
|
|
|
|
Total financial investments, recognised at fair value through other comprehensive income |
2'206'531 |
2'577'576 |
– 14.4 |
|
|
|
|
|
|
Total financial investments |
2'727'475 |
3'187'458 |
– 14.4 |
The equity instruments recognised at fair value through other comprehensive income consist of strategic investments of an infrastructure nature, which are unlisted (see note 13), as well as instruments 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.
Due to adjustments in the weighting of individual securities within the SMI, the LLB also adjusted its own portfolio (previous year: no adjustments). Disposals resulted in a loss of CHF thousands 4'636. The fair value of the transactions amounted to CHF thousands 7'633. The loss was recognised directly in retained earnings.