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3 Disclosures on balance sheet and income statement positions

3.1 Short-term financial assets

Short-term financial assets relate to fixed-term deposits denominated in EUR with a carrying value of EUR 80 million (CHF 86 million) and a term exceeding 90 days.

3.2 Trade accounts receivables

Trade accounts receivables consist exclusively of receivables from participations.

3.3 Other current receivables

In CHF million   31.12.2016   31.12.2015
Receivables from third parties   2   1
Receivables from participations   5   6
Derivative financial instruments   9   3
Total other current receivables   16   10

3.4 Financial assets

In CHF million   31.12.2016   31.12.2015
Loans and receivables from third parties   110   105
Loans and receivables from participations   4,855   5,793
Derivative financial instruments   28   10
Disagio debenture bonds   3   3
Total financial assets   4,996   5,911

3.5 Participations

A list of directly and indirectly held participations of Swisscom Ltd is set out in Note 40 to the Consolidated Financial Statements.

3.6 Interest-bearing liabilities

In CHF million   31.12.2016   31.12.2015
Payables to third parties   1,049   1,087
Payables to participations   819   631
Total current interest-bearing liabilities   1,868   1,718
In CHF million   31.12.2016   31.12.2015
Bank loans   522   590
Debenture bonds   5,501   5,413
Private placements   500   600
Loans to participations   857   840
Other interest-bearing liabilities to third parties   23   6
Total non-current interest-bearing liabilities   7,403   7,449

The amounts, interest rates and maturities of the debenture bonds issued by Swisscom Ltd are as follows:

  31.12.2016   31.12.2015

In CHF million or EUR
  Par value
in CHF
  Nominal
interest rate
  Par value
in CHF
  Nominal
interest rate
Debenture bond in CHF 2007–2017   600   3.75   600   3.75
Debenture bond in CHF 2009–2018   1,425   3.25   1,425   3.25
Debenture bond in EUR 2013–2020   537   2.00   542   2.00
Debenture bond in EUR 2014–2021   537   1.88   542   1.88
Debenture bond in CHF 2010–2022   500   2.63   500   2.63
Debenture bond in CHF 2015–2023   250   0.25   250   0.25
Debenture bond in CHF 2012–2024   500   1.75   500   1.75
Debenture bond in EUR 2015–2025   537   1.75   542   1.75
Debenture bond in CHF 2014–2026   200   1.50   200   1.50
Debenture bond in CHF 2016–2027   200   0.38    
Debenture bond in CHF 2016–2028   200   0.38    
Debenture bond in CHF 2014–2029   160   1.50   160   1.50
Debenture bond in CHF 2016–2032   300   0.13    
Debenture bond in CHF 2015–2035   150   1.00   150   1.00

3.7 Trade payables

In CHF million   31.12.2016   31.12.2015
Payables to third parties   4   6
Payables to participations   1   2
Total trade payables   5   8

3.8 Other liabilities

In CHF million   31.12.2016   31.12.2015
Payables to third parties   38   38
Payables to participations   10   6
Derivative financial instruments   6   8
Total other current liabilities   54   52
In CHF million   31.12.2016   31.12.2015
Payables to third parties   4   7
Derivative financial instruments   84   59
Total other non-current liabilities   88   66

3.9 Residual leasing commitments

Leasing commitments present the following maturity structure:

In CHF million   31.12.2016   31.12.2015
Within 1 year   2   2
1 to 5 years     1
Total remaining amount of lease obligation   2   3

The amounts encompass the payments arising under rental and leasing contracts which are to be settled up to the end of the contract or the end of the notice period for cancellation.

3.10 Shareholdings of the members of the Board of Directors and Group Executive Board

The following table discloses the number of unrestricted and restricted shares held by the members of the Board of Directors and Group Executive Board as well as parties related to them, as of 31 December 2015 and 2016:

Number   31.12.2016   31.12.2015
Hansueli Loosli   2,350   2,012
Roland Abt 1   88  
Valérie Berset Bircher 1   96  
Alain Carrupt 1   96  
Frank Esser   332   205
Barbara Frei   648   528
Hugo Gerber 2     1,233
Michel Gobet 2     1,600
Torsten Kreindl 2     1,322
Catherine Mühlemann   1,326   1,223
Theophil Schlatter   1,225   1,054
Hans Werder   1,128   982
Total shares held by the members of the Board of Directors   7,289   10,159
1 Elected to the Board of Directors as of 6 April 2016.
2 Resigned from the Board of Directors as of 6 April 2016.
Number   31.12.2016   31.12.2015
Urs Schaeppi (CEO)   3,229   2,602
Mario Rossi   1,027   821
Hans C. Werner   897   571
Marc Werner   382   211
Christian Petit   1,337   1,525
Roger Wüthrich-Hasenböhler 1     1,032
Heinz Herren   1,333   1,098
Dirk Wierzbitzki 2   64  
Total shares held by the members of the Group Executive Board   8,269   7,860
1 Resigned from the Group Executive Board as of 31 December 2015.
2 Joined the Group Executive Board as of 1 January 2016.

In 2016, 1,308 shares (CHF 0.7 million) were issued to members of the Board of Directors, 1,841 shares (CHF 1.0 million) were issued to members of the Group Executive Board and 3,337 shares (CHF 1.7 million) were issued to other Swisscom employees. See Note 11 to the Consolidated Financial Statements.

None of the individuals/entities required to make notification holds voting shares exceeding 0.1% of the share capital.

3.11 Collateral given to secure third-party liabilities

As of 31 December 2016, guarantee obligations exist for Group companies in favour of third parties totalling CHF 228 million (prior year: CHF 111 million).

3.12 Assets used to secure own commitments as well as assets subject to retention of title

As of 31 December 2016, financial assets totalling CHF 109 million (prior year: CHF 105 million) were not freely available. These assets serve to secure commitments arising from bank loans.

3.13 Material events after the balance sheet date

No material events subsequent to the balance sheet date occurred in the period ending 7 February 2017, the date on which the Board of Directors of Swisscom Ltd approved the release of the Annual Financial Statements.