26 Additional disclosures on financial instruments					31.12.2009		31.12.2010
*) Measurement categories under IAS 39:
FVTPL: Fair value through profit or loss (designated)
HA: Hedge accounting
AFS: Available for sale
L&R: Loans and receivables
HFT: Held for trading
OL: Other financial liabilities
**) Valuations under IAS 39:
FVPL: Fair value through profit or loss
FVs: Fair value, other comprehensive income
AcC: Acquisition costs
AC: Amortised cost
CHF thousands					Carrying amount	Fair value	Carrying amount	Fair value
	Balance sheet position	Detailed position	Measurement category*)	Valuation*)

	Assets
	Other financial assets	Prepaid green elect. certs.	FVTPL	FVPL	10,402	10,402	5,768	5,768
		Other non – current securities	AFS	AcC	7,276	7,276	7,592	7,592
	Receivables	Trade accounts receivable	L&R	AC	402,542	402,540	399,837	399,837
		Other receivables towards third parties	L&R	AC	68,703	68,703	78,887	78,887
	Securities and other financial instruments	Shares, bonds, other secs.	HFT	FVPL	2,239	2,239	1,707	1,707
		Derivative financial instruments	HFT	FVPL	-	-	4,182	4,182
	Positive replacement values - held - for - trading positions	Derivative financial instruments	HFT	FVPL	180,114	180,114	125,140	125,140
	Cash and cash equivalents	Sight funds and cash invested	L&R	AC	334,382	334,382	349,975	349,975
	Prepaid expenses and accrued income	Accrued income	L&R	AC	7,490	7,490	7,038	7,038

	Liabilities
	Non – current financial liabilities	Bank and mort. loans, other non – current financial liabilities	OL	AC	527,963	615,776	595,849	666,496
		Deriv. financial instruments	HA	FVs	5,275	5,275	3,646	3,646
	Current financial liabilities	Current financial liabilities	OL	AC	62,557	62,557	61,187	61,187
		Deriv. financial instruments	HFT	FVPL	-	-	4,933	4,933
	Negative replacement values - held - for - trading positions	Derivative financial instruments	HFT	FVPL	160,821	160,821	99,361	99,361
	Other current liabilities	Trade accounts receivable	OL	AC	313,891	313,891	309,841	309,841
		Other liabilities	OL	AC	25,412	25,412	23,570	23,570
	Deferred income and accrued expenses	Accrued expenses	OL	AC	19,961	19,961	30,336	30,336

Hierarchy of financial instruments measured at the fair value

Assets	2009	Level 1	Level 2	Level 3	2010	Level 1	Level 2	Level 3

Fair value trough profit or loss

Prepaid green electricity certificates	10,402	-	10,402	-	5,768	-	5,768	-
Securities and other financial instruments	2,239	2,034	205	-	5,889	1,502	4,387	-
Positive replacement values held – for – trading positions	180,114	-	180,114	-	125,140	-	125,140	-
At 31 December	192,755	2,034	190,721	-	136,797	1,502	135,295	-

Liabilities

Fair value through profit or loss

Current financial liabilities
Negative replacement values	-	-	-	-	4,933	-	4,933	-

Negative replacement values held - for - trading positions	160,821	-	160,821	-	99,361	-	99,361	-

In equity with no effect on profit and loss

Interest swaps	5,275	-	5,275	-	3,646	-	3,646	-
At 31 December	166,096	-	166,096	-	107,940	-	107,940	-

The measurements at fair value in the balance sheet are classified using a three-level hierarchy based on the type and quality of the fair values (market prices). The following levels exist:

Level 1. Publicly quoted prices for the financial instrument concerned (e.g. stock market prices).

Level 2. Market prices that are not generally accessible and possibly derived from prices for similar financial instruments or underlying goods.

Level 3. Prices that are not based on market data.