23 Current financial liabilities

23 Current financial liabilities
  31.12.2011 31.12.2012
  CHF thousands    
  Current financial liabilities 36,627 30,162
  Negative replacement values 11,921 13,796
  Leasing commitments - 438
  Total 48,548 44,396

All current financial liabilities and leasing commitments 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.