20 Current and non-current financial liabilities
| Short-term credit facilities and bank overdrafts | Current maturities of non-current bank liabilities | Current derivatives1 | Current contingent consideration2 | Total current 2017 | Bank loans | Non-current derivatives1 | Non-current contingent | Total noncurrent 2017 |
CHF 1,000 |
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|
|
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|
|
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 differences | 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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|
| 5,011 |
Denominated in JPY |
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|
|
| 2,724 |
|
|
| – |
Denominated in AUD |
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|
| 1,598 |
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|
| – |
Denominated in other currencies |
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| 32 |
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| – |
Total |
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| 10,150 |
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| 8,330 |
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Analysis by interest rate |
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Interest-free |
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| 949 |
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| 334 |
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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| 8,330 |
- See note 25
- See note 3.2
| Short-term credit facilities and bank overdrafts | Current derivatives1 | Current contingent consideration2 | Total 2018 | Bank loans | Non-current derivatives1 | Non-current contingent | Total noncurrent 2018 |
CHF 1,000 |
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|
|
|
|
|
|
Balance at January 1, 2018 | 4,329 | 949 | 4,872 | 10,150 | 1,229 | 334 | 6,767 | 8,330 |
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Cash flows |
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Change | (3,209) | – | – | (3,209) | – | – | – | – |
Settlement | – | – | (4,836) | (4,836) | – | – | – | – |
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Non-cash changes |
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Change in fair value | – | 2,951 | (1,894) | 1,057 | – | 72 | – | 72 |
Transfer to current |
|
| 6,787 | 6,787 |
|
| (6,787) | (6,787) |
Change in bank overdrafts | 9 | – | – | 9 | – | – | – | – |
Translation differences | – | – | (13) | (13) | (47) | – | 20 | (27) |
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Balance at December 31, 2018 | 1,129 | 3,900 | 4,916 | 9,945 | 1,182 | 406 | – | 1,588 |
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Analysis by currency |
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Denominated in CHF |
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| 9 |
|
|
| – |
Denominated in EUR |
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| – |
|
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| 1,182 |
Denominated in USD |
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| 8,816 |
|
|
| 406 |
Denominated in JPY |
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| 1,120 |
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| – |
Total |
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| 9,945 |
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| 1,588 |
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Analysis by interest rate |
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|
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Interest-free |
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| 3,900 |
|
|
| 406 |
Variable interest rates depending on LIBOR |
|
|
| 9 |
|
|
| – |
Fixed interest rate |
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|
0 % – 2 % |
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| 1,120 |
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| 1,182 |
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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| – |
|
|
| – |
WACC |
|
|
| 4,916 |
|
|
| – |
Total |
|
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| 9,945 |
|
|
| 1,588 |
- See note 25
- See note 3.2
In 2018, the average interest rate paid on bank loans was 0.8% (2017: 0.8%).
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