18. Reconciliation of Net Debt

Audited information

CHF m

 

31.12.2017

 

Movements in Cash flow

 

Effect of Business Combinations

 

Exchange rate differences

 

Other non-cash movements

 

31.12.2018

Cash and cash equivalents

 

701

 

152

 

 

–20

 

 

833

Short-term deposits

 

47

 

–20

 

 

–1

 

 

26

Financial instruments with positive fair values

 

7

 

 

 

 

 

7

Total cash and liquid investments

 

755

 

132

 

 

–21

 

 

866

Non-current financial debt

 

–1 727

 

–299

 

 

30

 

285

 

–1 711

Current financial debt

 

–567

 

303

 

 

20

 

–285

 

–529

Borrowings and other financial liabilities

 

–2 294

 

4

 

 

50

 

 

–2 240

Net debt

 

–1 539

 

136

 

 

29

 

 

–1 374

CHF m

 

31.12.2016

 

Movements in Cash flow

 

Effect of Business Combinations

 

Exchange rate differences

 

Other non-cash movements

 

31.12.2017

Cash and cash equivalents

 

1 043

 

–391

 

58

 

–9

 

 

701

Short-term deposits

 

277

 

–242

 

5

 

7

 

 

47

Financial instruments with positive fair values

 

5

 

2

 

 

 

 

7

Total cash and cash equivalent

 

1 325

 

–631

 

63

 

–2

 

 

755

Non-current financial debt

 

–1 908

 

–8

 

 

–61

 

250

 

–1 727

Current financial debt

 

–957

 

648

 

–1

 

–7

 

–250

 

–567

Borrowings and other financial liabilities

 

–2 865

 

640

 

–1

 

–68

 

 

–2 294

Net debt

 

–1 540

 

9

 

62

 

–70

 

 

–1 539