19 Other financial assets

In CHF million	Loans and receivables	Available- for-sale	Valued at fair value	Total
Balance at 31 December 2013	305	42	6	353
Additions	24	8	–	32
Disposals	(159)	(15)	–	(174)
Additions from business combinations	20	15	–	35
Change in fair value	–	–	5	5
Foreign currency translation adjustments	15	–	–	15
Balance at 31 December 2014, restated	205	50	11	266
Additions	21	17	61	99
Disposals	(33)	(19)	–	(52)
Additions from business combinations	4	–	–	4
Change in fair value	–	4	3	7
Foreign currency translation adjustments	(1)	–	–	(1)
Balance at 31 December 2015	196	52	75	323
Thereof other current financial assets	20	2	63	85
Thereof other non-current financial assets	176	50	12	238

Loans and receivables

As of 31 December 2015, term deposits totalled CHF 8 million (prior year: CHF 11 million). Financial assets as of 31 December 2015 in the amount of CHF 149 million were not freely available. These assets serve as security for bank loans.

Available-for-sale financial assets

Available-for-sale financial assets primarily include financial investments in equity instruments. Shares not quoted on stock exchanges are recorded at cost if their fair value cannot be reliably determined. As of 31 December 2015, the carrying amount of investments in shares recorded at cost totalled CHF 37 million (prior year: CHF 27 million).

Financial assets measured at fair value

Financial assets measured at fair value through profit and loss include quoted debt securities with a carrying amount of CHF 61 million (prior year: none) and a remaining term of less than one year. These financial assets were not freely available since the assets serve as collateral to secure off-balance liabilities arising from cross-border lease agreements. See Note 33. As at 31 December 2015, derivative financial instruments with a positive market value of CHF 14 million were recognised (prior year: CHF 11 million). Derivative financial instruments include forward foreign currency transactions, foreign currency swaps and interest rate swaps. See Note 33.

No search results. Please enter a different search term.