19. Reconciliation of Net Debt

in CHF m	31.12.2018	Adoption of IFRS 16 (see note 7)	Movements in Cash flow	Reclassified to held for sale (see note 25)	Exchange rate differences	Other non-cash movements	31.12.2019
Cash and cash equivalents	833		–185		–10		638
Short-term deposits	26		283		–5		304
Financial instruments with positive fair values	7		–3		—		4
Total cash and liquid investments	866	—	95	—	–15	—	946
Non-current financial debt	–1 711		–208	—	41	393	–1 485
Current financial debt	–529		310	—	25	–393	–587
Lease liabilities	—	–249	70	29	6	–73	–217
Borrowings and other financial liabilities	–2 240	–249	172	29	72	–73	–2 289
Net debt	–1 374	–249	267	29	57	–73	–1 343

in CHF m	31.12.2017	Movements in Cash flow	Effect of Business Combinations	Reclassified to held for sale (see note 25)	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 cash equivalent	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

Integrated Report 2019