19. Reconciliation of Net Debt

in CHF m	01.01.2020	Movements from the disposal	Movements in Cash flow	Exchange rate differences	Other non-cash movements	31.12.2020	Reclassified to held for sale (see note 25)	Total as reported in balance sheet
Cash and cash equivalents	638		126	–27	—	737	—	737
Short-term deposits	304		–34	–3	—	267	—	267
Financial instruments with positive fair values	4		1	—	—	5	—	5
Total cash and liquid investments	946	—	93	–30	—	1 009	—	1 009
Non-current financial debt	–1 485		–288	46	303	–1 424	—	–1 424
Current financial debt	–587	6	472	1	–303	–411	13	–398
Lease liabilities	–246	23	66	11	–68	–214	14	–200
Borrowings and other financial liabilities	–2 318	29	250	58	–68	–2 049	27	–2 022
Net debt	–1 372	29	343	28	–68	–1 040	27	–1 013

in CHF m	01.01.2019	Adoption of IFRS 16 (see note 7)	Movements in Cash flow	Exchange rate differences	Other non-cash movements	31.12.2019	Reclassified to held for sale (see note 25)	Total as reported in balance sheet
Cash and cash equivalents	833		–185	–10	—	638	—	638
Short-term deposits	26		283	–5	—	304	—	304
Financial instruments with positive fair values	7		–3	—	—	4	—	4
Total cash and liquid investments	866	—	95	–15	—	946	—	946
Non-current financial debt	–1 711		–208	41	393	–1 485	—	–1 485
Current financial debt	–529		310	25	–393	–587	—	–587
Lease liabilities	—	–249	70	6	–73	–246	29	–217
Borrowings and other financial liabilities	–2 240	–249	172	72	–73	–2 318	29	–2 289
Net debt	–1 374	–249	267	57	–73	–1 372	29	–1 343

Integrated Report 2020