Financial expenses	2009	2010
CHF thousands

Expenses for current financial assets	5,019	3,998
Interest paid on non – current liabilities	18,295	26,858
Expenses for current liabilities	1,556	1,667
Exchange rate losses	-	29,876
Total	24,870	62,399

Exchange rate gains and losses are recognised net. There was an exchange rate loss in the year under review, which is recognised as a financial expense in the income statement. An exchange rate gain was recognised the previous year.

Financial expenses apply to the following positions and measurement categories

Balance sheet position	Detailed position	IAS 39 measurement category	2009	2010
Securities and other financial instruments	Other securities and financial instruments	Held for trading	1,764	2,692
Receivables	Trade accounts receivables	Loans and receivables	-	209
Cash and cash equivalents	Sight funds and cash invested for less than 90 days	Loans and receivables	3,255	1,097
Non – current financial liabilities	Loans and other financial liabilities	Other financial liabilities	17,935	26,495
Other current liabilities	Trade accounts payable	Other financial liabilities	1,556	1,667
Non – current provisions	Provisions for contract risks, reversions and other provisions	n/a	360	363
Exchange rate losses			-	29,876
Total			24,870	62,399

Interest expense for recognised financial liabilities which were not measured at fair value amounts to TCHF 26,495 (previous year: TCHF 17,935). Bank fees and commissions for recognised financial assets and liabilities which were not measured at fair value amount to TCHF 196 (previous year: TCHF 103).