Financial liabilities
| in CHF 000 | 2021 | 2020 | ||
|---|---|---|---|---|
| Current bank liabilities | 4 675 | 2 000 | ||
| Current financial liabilities from leases | 13 812 | 13 938 | ||
| Other current financial liabilities to third parties | 370 | 350 | ||
| Other current financial liabilities to associates / joint ventures | 981 | 3 000 | ||
| Other current financial liabilities to related parties | 63 | – | ||
| Current financial liabilities | 19 901 | 19 289 | ||
| Non-current financial liabilities from leases | 41 427 | 54 247 | ||
| Non-current loans to related parties | 69 567 | 17 855 | ||
| Other non-current financial liabilities to third parties | 2 726 | 1 838 | ||
| Non-current financial liabilities | 113 721 | 73 940 | ||
| Financial liabilities | 133 621 | 93 228 | ||
| Weighted average interest rate | ||||
| due within 1 year | 2.0% | 1.0% | ||
| due 1 to 5 years | 0.4% | 0.9% | ||
| due beyond 5 years | n/a | n/a |
Current and non-current financial liabilities increased by CHF 40.4 million to CHF 133.6 million.
Current bank liabilities include a short-term bank loan of CHF 3.0 million (previous year: CHF 2.0 million) and liabilities relating to derivative financial instruments of CHF 1.7 million (previous year: zero). As of the balance sheet date, there are current lease liabilities in the amount of CHF 13.8 million (previous year: CHF 13.9 million) and non-current lease liabilities in the amount of CHF 41.4 million (previous year: CHF 54.2 million), with the reduction in lease liabilities attributable to the reduced terms of existing rental agreements. As of the balance sheet date, there were lower liabilities relating to current accounts, which explains the decline in other current financial liabilities to associates / joint ventures.
Non-current loan liabilities increased because of the loan by SMG Swiss Marketplace Group AG to TX Group AG in the amount of CHF 64.2 million. By contrast, the deconsolidation of TX Markets companies means the loan by shareholders to CAR FOR YOU AG is no longer reported. Other non-current financial liabilities to third parties still comprise the contractually assumed obligation of CHF 1.2 million (previous year: CHF 1.5 million) in connection with the “ETH Media Technology Initiative” development partnership. The current portion of this, CHF 0.3 million, has been recognised under other current financial liabilities.
Cash flow associated with net financial liabilities
| in CHF 000 | Cash and cash equivalents |
Current financial assets |
Current financial receivables |
Current financial liabilities |
Non-current financial liabilities |
Net financial liabilities |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| As of 1 January 2020 | 291 194 | – | 33 294 | (33 898) | (50 382) | 240 208 | ||||||
| Addition to/disposal of cash and cash equivalents and current financial assets | (3 577) | – | (9 581) | – | – | (13 158) | ||||||
| Proceeds of financial liabilities | 7 792 | – | – | (3 500) | (4 292) | – | ||||||
| Repayment of financial liabilities | (22 032) | – | – | 20 599 | 1 433 | – | ||||||
| Repayment of leasing liabilities | (15 386) | – | – | 15 386 | – | – | ||||||
| Disposals of consolidated companies | 18 173 | – | – | – | – | 18 173 | ||||||
| Other non-cash changes | – | 311 | 12 225 | (15 161) | (23 414) | (26 038) | ||||||
| Transfers | – | – | – | (2 715) | 2 715 | – | ||||||
| Currency effect | (11) | – | – | – | – | (11) | ||||||
| As of 31 December 2020 | 276 153 | 311 | 35 938 | (19 289) | (73 940) | 219 174 | ||||||
| As of 1 January 2021 | 276 153 | 311 | 35 938 | (19 289) | (73 940) | 219 174 | ||||||
| Addition to/disposal of cash and cash equivalents and current financial assets | 195 044 | 20 021 | (3 857) | – | – | 211 207 | ||||||
| Proceeds of financial liabilities | 5 841 | – | – | (1 024) | (4 817) | – | ||||||
| Repayment of financial liabilities | (12 400) | – | – | 2 018 | 10 382 | – | ||||||
| Repayment of leasing liabilities | (17 284) | – | – | 17 284 | – | – | ||||||
| Additions of consolidated companies | 2 299 | – | – | – | – | 2 299 | ||||||
| Disposals of consolidated companies | (12 355) | – | – | – | – | (12 355) | ||||||
| Other non-cash changes | – | (334) | 90 938 | (19 016) | (45 219) | 26 368 | ||||||
| Transfers | – | – | – | 126 | (126) | – | ||||||
| Currency effect | (833) | – | – | – | – | (833) | ||||||
| As of 31 December 2021 | 436 465 | 19 998 | 123 019 | (19 901) | (113 721) | 445 860 |