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19 Other financial assets


In CHF million
  Loans and
receivables
  Available-
for-sale
  Valued
at fair value
 
Total
Balance at 31 December 2014   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
Additions   127   10   61   198
Disposals   (24)   (8)   (61)   (93)
Change in fair value     7   27   34
Impairment losses   (29)       (29)
Foreign currency translation adjustments   4     2   6
Balance at 31 December 2016   274   61   104   439
Thereof other current financial assets   103   2   72   177
Thereof other non-current financial assets   171   59   32   262

Loans and receivables

As of 31 December 2016, term deposits totalled CHF 93 million (prior year: CHF 8 million). Financial assets as of 31 December 2016 in an amount of CHF 152 million (prior year: CHF 149 million) were not freely available. These assets serve as security for bank loans. As of 31 December 2016, loans to associates of CHF 6 million (prior year: CHF 4 million) were recorded which are regarded as net investments in associates. In 2016, impairment losses in an amount of CHF 29 million were recognised on these loans. See Note 25.

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 2016, the carrying amount of investments in shares recorded at cost totalled CHF 41 million (prior year: CHF 37 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 63 million (prior year: CHF 61 million) 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 2016, derivative financial instruments with a positive market value of CHF 41 million were also recognised (prior year: CHF 14 million). Derivative financial instruments include forward foreign currency transactions, foreign currency swaps and interest rate swaps. See Note 33.