Menu

Downloads

Leave

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