2010 | 2011 | ||
---|---|---|---|
CHF thousands | |||
Expenses for current financial assets | 3,998 | 1,701 | |
Expenses paid on liabilities | 28,525 | 29,530 | |
Exchange rate losses | 29,876 | 15,261 | |
Total | 62,399 | 46,492 |
Exchange rate gains and losses are recognised net. As in the previous year, there was also an exchange rate loss in the year under review, which is recognised as a financial expense in the statement of comprehensive income.
Financial expenses apply to the following positions and measurement categories:
Balance sheet position | Detailed position | IAS 39 measurement category | 2010 | 2011 |
Securities and other financial instruments | Other securities and financial instruments | Held for trading | 2,692 | 258 |
Receivables | Trade accounts receivables | Loans and receivables | 209 | 347 |
Cash and cash equivalents | Sight funds and cash invested for less than 90 days | Loans and receivables | 1,097 | 1,096 |
Current and non-current financial liabilities | Loans and other financial liabilities | Other financial liabilities | 23,041 | 19,494 |
Current financial liabilities | Negative replacement values | Held for trading | 3,454 | 7,402 |
Other current liabilities | Trade accounts payable | Other financial liabilities | 1,678 | 2,366 |
Non-current provisions | Provisions for contract risks, reversions and other provisions | n/a | 352 | 268 |
Exchange rate losses | 29,876 | 15,261 | ||
Total | 62,399 | 46,492 |
Interest expense for recognised financial liabilities which were not measured at fair value amounts to TCHF 19,494 (previous year: TCHF 23,041). Bank fees and commissions for recognised financial assets and liabilities which were not measured at fair value amount to TCHF 1,683 (previous year: TCHF 1,232).