Chart

11 FINANCIAL INSTRUMENTS AND FAIR VALUE DISCLOSURES

11.1 CLASSES OF FINANCIAL INSTRUMENTS

 

 

Cash and cash ­equivalents

Other ­current financial assets

Trade and other receivables

Non-current financial assets

Total 

assets
2019

Current financial liabilities

Trade and other 
payables/accrued expenses

Non-current financial liabilities

Total 

liabilities

2019

CHF 1,000

 

 

 

 

 

 

 

 

 

Financial instruments measured at 

  fair value through P&L (FVTPL)

Currency forwards and options

 - 

 500 

 - 

 149 

 649 

 (1,274) 

 - 

 (8) 

 (1,282) 

 

 

 

 

 

 

 

 

 

 

Financial instruments measured 

  at amortized costs1

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 266,274 

 - 

 - 

 - 

 266,274 

 - 

 - 

 - 

 - 

Time deposits

 - 

 50,000 

 - 

 - 

 50,000 

 - 

 - 

 - 

 - 

Receivables

 - 

 - 

 121,775 

 - 

 121,775 

 - 

 - 

 - 

 - 

Rent and other deposits

 - 

 - 

 656 

 1,024 

 1,680 

 - 

 - 

 - 

 - 

Current bank liabilities

 - 

 - 

 - 

 - 

 - 

 (2,153) 

 - 

 - 

 (2,153) 

Bank loans

 - 

 - 

 - 

 - 

 - 

 (1,425) 

 - 

 (339) 

 (1,764) 

Payables and accrued expenses

 - 

 - 

 - 

 - 

 - 

 - 

 (55,893) 

 - 

 (55,893) 

 

 

 

 

 

 

 

 

 

 

Other    

 

 

 

 

 

 

 

 

 

Lease liabilities

 - 

 - 

 - 

 - 

 - 

 (9,830) 

 - 

 (34,137) 

 (43,967) 

 

 

 

 

 

 

 

 

 

 

Total financial instruments

 266,274 

 50,500 

 122,431 

 1,173 

 440,378 

 (14,682) 

 (55,893) 

 (34,484) 

(105,059) 

 

 

 

 

 

 

 

 

 

 

Reconciling items2

 - 

 - 

 11,245 

 - 

 11,245 

 - 

 (16,380) 

 - 

 (16,380) 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 266,274 

 50,500 

 133,676 

 1,173 

 451,623 

 (14,682) 

 (72,273) 

 (34,484) 

 (121,439) 

  1. The carrying amount of financial instruments measured at amortized costs is a reasonable approximation of their fair value due to their short-term nature. Bank loans are the only exception due to their long-term nature (fair value of TCHF 1'757).
  2. Receivables/payables arising from VAT/other non-income taxes and social security.

 

 

Cash and cash ­equivalents

Other ­current financial assets

Trade and other receivables

Non-current financial assets

Total 

assets

2020

Current financial liabilities

Trade and other payables/accrued expenses

Non-current financial liabilities

Total 

liabilities

2020

CHF 1,000

 

 

 

 

 

 

 

 

 

Financial instruments measured at 

  fair value through P&L (FVTPL)

 

 

 

 

 

 

 

 

 

Currency forwards and options

 - 

 906 

 - 

 13 

 919 

 (175) 

 - 

 (16) 

 (191) 

 

 

 

 

 

 

 

 

 

 

Financial instruments 

  measured at amortized costs1

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 189,677 

 - 

 - 

 - 

 189,677 

 - 

 - 

 - 

 - 

Time deposits

 - 

 170,000 

 - 

 - 

 170,000 

 - 

 - 

 - 

 - 

Receivables

 - 

 - 

 96,524 

 - 

 96,524 

 - 

 - 

 - 

 - 

Rent and other deposits

 - 

 - 

 616 

 1 005 

 1,621 

 - 

 - 

 - 

 - 

Current bank liabilities

 - 

 - 

 - 

 - 

 - 

 (5,154) 

 - 

 - 

 (5,154) 

Bank loans

 - 

 - 

 - 

 - 

 - 

 - 

 - 

 (571) 

 (571) 

Payables and accrued expenses

 - 

 - 

 - 

 - 

 - 

 - 

 (60,930) 

 - 

 (60,930) 

 

 

 

 

 

 

 

 

 

 

Other    

 

 

 

 

 

 

 

 

 

Lease liabilities

 - 

 - 

 - 

 - 

 - 

 (10,255) 

 - 

 (31,217) 

 (41,472) 

 

 

 

 

 

 

 

 

 

 

Total financial instruments

 189,677 

 170,906 

 97,140 

 1,018 

 458,741 

 (15,584) 

 (60,930) 

 (31,804) 

(108,318) 

 

 

 

 

 

 

 

 

 

 

Reconciling items2

 - 

 - 

 14,252 

 - 

 14,252 

 - 

 (19,879) 

 - 

 (19,879) 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2020

 189,677 

 170,906 

 111,392 

 1,018 

 472,993 

 (15,584) 

 (80,809) 

 (31,804) 

 (128,197) 

  1. The carrying amount of financial instruments measured at amortized costs is a reasonable approximation of their fair value due to their short-term nature. Bank loans are the only exception due to their long-term nature (fair value of TCHF 576).
  2. Receivables/payables arising from VAT/other non-income taxes and social security
11.2 FAIR VALUE HIERARCHY (LEVEL) AND VALUATION TECHNIQUES USED

 

Position

Level

Data source

Model

Currency forwards

Level 2 

Bloomberg 

(Forward rate - [spot rate +/- forward points]) * amount in foreign currency

Currency options

Level 2 

Bloomberg 

Black-Scholes model

Bank loans

Level 2

Bloomberg

The fair value is estimated by discounting the future contractual cash

flows at the current market interest rate that is available to the Group for

similar financial instruments.

There have been no transfers between the levels in 2019 and 2020.

 

EN DE