- Index
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
in CHF m |
31.12.2015 |
31.12.2014 |
||
Banks and other financial institutions |
260 |
230 |
||
Current portion of non-current financial debts (see note 16) |
134 |
200 |
||
Total |
394 |
430 |
||
Breakdown by maturity: |
|
|
||
in CHF m |
31.12.2015 |
31.12.2014 |
||
Up to three months after the balance sheet date |
203 |
179 |
||
Three to six months after the balance sheet date |
150 |
5 |
||
Six to twelve months after the balance sheet date |
41 |
246 |
||
Total |
394 |
430 |
Current financial debt is recognized initially at fair value, net of transaction costs incurred. Financial debt is subsequently stated at amortized cost. Except for the derivatives, there are no current financial liabilities valued at fair value through profit and loss.
A Certificate of Indebtedness, issued in 2011 with a nominal value of EUR 123 million and a book value of CHF 134 million per end 2015, will fall due in 2016 and as a consequence was reclassified to current financial debt.
A domestic bond with a nominal value of CHF 200 million, reported as current portion of non-current financial debts in 2014, reached maturity in December 2015 and was repaid.
The fair value of financial debt at banks and other financial institutions approximates its carrying amount due to the short-term nature of these instruments.