23 Current financial liabilities

23 Current financial liabilities
  31.12.2010 31.12.2011
  CHF thousands    
  Current financial liabilities 61,187 36,627
  Negative replacement values 4,933 11,921
  Total 66,120 48,548

All current financial liabilities owed to third parties and related parties fall into the category “Other financial liabilities” and are recognised at amortised cost. Due to their short-term nature, the carrying amounts are assumed to be fair values. The replacement values consist of forward exchange transactions and correspond to the market value.

Mortgage assignments were pledged as security for the mortgage of TCHF 1,445 (previous year: TCHF 1,445) reported under current financial liabilities. The fixed assets pledged in this connection are disclosed in Note 9.