17 Investments in associated organisations and joint ventures
|
|
2018 |
2017 |
|
CHF thousand |
|
|
|
|
|
|
|
Investments in associates and joint ventures |
3,945 |
3,632 |
|
EL.IT.E S.p.A. |
3,556 |
3,508 |
|
Aerochetto S.r.l. |
- |
- |
|
tiko Energy Solutions AG |
- |
- |
|
Terra di conte S.r.l. |
257 |
- |
|
Grischelectra AG |
27 |
28 |
|
Kraftwerk Morteratsch AG |
105 |
96 |
|
|
|
|
|
|
|
|
|
Carrying amounts at 1 January |
3,632 |
3,162 |
|
Additions from changes in consolidation |
267 |
- |
|
Dividends |
–1 |
- |
|
Effect of currency translation |
–138 |
285 |
|
Share of earnings |
185 |
185 |
|
Carrying amounts at 31 December |
3,945 |
3,632 |
|
|
|
|
|
|
|
|
|
Decrease in loans receivable |
|
|
|
01.01.2019 |
–15,530 |
–11,926 |
|
Share of earnings |
–4,121 |
–3,591 |
|
Reclassification of loans receivable into equity |
- |
523 |
|
Effect of currency translation |
247 |
–536 |
|
31 December |
–19,404 |
–15,530 |
Part of the net investments in associates tiko Energy Solutions AG and Aerochetto S.r.l. are loans extended to these entities recognised under financial assets. Losses of CHF 19,404 thousand in excess of the carrying value of the investments (prior year: CHF 15,530 thousand) were netted with the loans (Note 18).