19 Current and non-current financial liabilities
CHF 1,000 | Current bank liabilities | Current maturities of non-current bank liabilities | Other loans | Current derivatives1 | Total current | Bank loans | Mortgages | Other loans (subordina- ted) | Non-current derivatives1 | Contingent consideration2 | Total non-current |
Balance at January 1, 2016 | 2,578 | 2,597 | – | 4,824 | 9,999 | 970 | 1,575 | 1,919 | 1,057 | – | 5,521 |
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Cash flows |
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Change | (1,475) | – | – | – | (1,475) | – | – | – | – | – | – |
Increase in loans | – | – | – | – | – | 716 | – | – | – | – | 716 |
Repayment of loans | – | (3,535) | (1,624) | – | (5,159) | – | – | (1,919) | – | – | (1,919) |
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Non-cash changes |
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Acquisition through | – | 932 | 1,624 | – | 2,556 | – | – | – | – | 8,768 | 8,768 |
Change in fair value | – | – | – | 897 | 897 | – | – | – | 118 | 197 | 315 |
Transfer to current | – | 1,052 | – | – | 1,052 | (972) | (80) | – | – | – | (1,052) |
Reclassification to |
| (80) | – | – | (80) | – | (1,495) | – | (74) | – | (1,569) |
Translation differencies | – | (10) | – | – | (10) | (10) | – | – | – | 308 | 298 |
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Balance at December 31, 2016 | 1,103 | 956 | – | 5,721 | 7,780 | 704 | – | – | 1,101 | 9,273 | 11,078 |
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Analysis by currency |
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Denominated in EUR |
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| 956 |
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| 704 |
Denominated in USD |
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| 5,696 |
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| 10,374 |
Denominated in JPY |
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| 441 |
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| – |
Denominated in AUD |
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| 662 |
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| – |
Denominated in other |
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| 25 |
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| – |
Total |
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| 7,780 |
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| 11,078 |
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Analysis by interest rate |
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Interest-free |
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| 5,721 |
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| 1,101 |
Variable interest rates depending on LIBOR |
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| – |
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| – |
Fixed interest rate |
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0% – 2% |
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| 2,059 |
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| 704 |
2% – 4% |
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| – |
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| – |
4% – 6% |
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| – |
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| – |
6% - 8% |
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| – |
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| – |
WACC |
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| – |
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| 9,273 |
Total |
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| 7,780 |
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| 11,078 |
1 See note 24
2See note 3.2
CHF 1,000 | Current bank liabilities | Current maturities of non-current bank liabilities | Current derivatives1 | Current contingent consideration2 | Total current | Bank loans | Mortgages | Non-current derivatives1 | Non-current contingent | Total non-current |
Balance at January 1, 2017 | 1,103 | 956 | 5,721 | – | 7,780 | 704 | – | 1,101 | 9,273 | 11,078 |
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Cash flows |
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Change | 3,216 | – | – | – | 3,216 | – | – | – | – | – |
Increase in loans | – | – | – | – | – | 437 | – | – | – | 437 |
Repayment of loans | – | (1,503) | – | – | (1,503) | – | – | – | – | – |
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Non-cash changes |
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Acquisition through | – | 500 | – | – | 500 | – | – | – | 1,743 | 1,743 |
Change in fair value | – | – | (4,772) |
| (4,772) | – | – | (767) | 856 | 89 |
Transfer to current | – | – | – | 4,923 | 4,923 | – | – | – | (4,923) | (4,923) |
Translation differencies | 10 | 47 | – | (51) | 6 | 88 | – | – | (182) | (94) |
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Balance at December 31, 2017 | 4,329 | – | 949 | 4,872 | 10,150 | 1,229 | – | 334 | 6,767 | 8,330 |
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Analysis by currency |
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Denominated in EUR |
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| 7 |
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| 3,319 |
Denominated in USD |
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| 5,789 |
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| 5,012 |
Denominated in JPY |
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| 2,724 |
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| – |
Denominated in AUD |
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| 1,598 |
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| – |
Denominated in other |
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| 32 |
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| – |
Total |
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| 10,150 |
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| 8,331 |
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Analysis by interest rate |
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Interest-free |
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| 949 |
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| 335 |
Variable interest rates depending on LIBOR |
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| – |
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| – |
Fixed interest rate |
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0% – 2% |
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| 4,329 |
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| 1,229 |
2% – 4% |
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| – |
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| – |
4% – 6% |
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| – |
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| – |
6% - 8% |
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| – |
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| – |
WACC |
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| 4,872 |
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| 6,767 |
Total |
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| 10,150 |
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| 8,331 |
1See note 24
2See note 3.2
In 2017, the average interest rate paid on bank loans was 0.8% (2016: 0.8%).
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