19 Bank liabilities and derivatives

CHF 1,000

Bank overdrafts under bank pooling
arrangements

Other current bank liabilities

Current
derivatives
(see note 24)

Current ­
portions of non-current bank loans

Total
current

Bank loans

Non-current derivatives
(see note 24)

Total
non-current

Balance at January 1, 2012

70

1,191

1,261

2,103

1,025

3,128

Acquisition through business combination

166

166

Increase/(decrease)

8

(13)

(5)

Change in fair value

148

148

(823)

(823)

Increase in bank loans

1,036

1,036

Repayment of bank loans

Transfer to current

Translation differences

1

1

(16)

(16)

         

Balance at December 31, 2012

8

58

1,505

1,571

3,123

202

3,325

         

Analysis by currency

        

Denominated in CHF

    

  

Denominated in EUR

    

31

  

3,237

Denominated in USD

    

1,284

  

88

Denominated in JPY

    

249

  

Denominated in other currencies

    

7

  

Total

    

1,571

  

3,325

         

Analysis by interest rates

        

Interest-free

    

1,563

  

202

Variable interest rates
depending on LIBOR

    

8

  

Fixed interest rate

        

0% – 2%

    

  

575

2% – 4%

    

  

2,548

4% – 6%

    

  

Total

    

1,571

  

3,325

CHF 1,000

Bank overdrafts under bank pooling
arrangements

Other current bank liabilities

Current
derivatives
(see note 24)

Current
portions of non-current bank loans

Total current

Bank loans

Non-current derivatives
(see note 24)

Total
non-current

Balance at January 1, 2013

8

58

1,505

1,571

3,123

202

3,325

Increase/(decrease)

( 8)

2,030

2,022

Change in fair value

(825)

(825)

(191)

(191)

Increase in bank loans

1,654

1,654

Repayment of bank loans

Transfer to current

2,829

2,829

(2,829)

(2,829)

Translation differences

(2)

(7)

(9)

54

54

         

Balance at December 31, 2013

2,086

680

2,822

5,588

2,002

11

2,013

         

Analysis by currency

        

Denominated in CHF

    

  

Denominated in EUR

    

2,892

  

2,002

Denominated in USD

    

610

  

11

Denominated in JPY

    

763

  

Denominated in AUD

    

1,234

  

Denominated in other currencies

    

89

  

Total

    

5,588

  

2,013

         

Analysis by interest rates

        

Interest-free

    

769

  

11

Variable interest rates
depending on LIBOR

    

  

Fixed interest rate

        

0% – 2%

    

1,997

  

2,002

2% – 4%

    

2,822

  

4% – 6%

    

  

Total

    

5,588

  

2,013

In 2013, the average interest rate paid on bank loans was 1.7% (2012: 2.0%).