16. Financial liabilities
|
In CHF 1,000 |
31.12.2016 |
31.12.2015 |
|
Amortisation obligations on mortgages |
322 |
420 |
|
Loans from third parties |
5,000 |
5,138 |
|
Current financial liabilities |
5,322 |
5,558 |
|
|
|
|
|
Mortgages |
225,250 |
335,685 |
|
Bond |
100,000 |
- |
|
Loans from third parties |
7,089 |
25,039 |
|
Non-current financial liabilities |
332,338 |
360,723 |
|
Total financial liabilities |
337,660 |
366,281 |
Mortgages and fixed advances that are not repaid within 12 months but which are renewed are reported under “Non-current financial liabilities” to reflect the economic reality. Mortgages due for repayment within the next 12 months are reported under short-term financial debt.
A CHF 100 million bond maturing on 15 November 2021 was issued on 15 November 2016. The coupon is 0.55%.
|
ISIN |
CH 033 764 551 6 |
|
Currency |
CHF |
|
Issuing volume |
100 millions |
|
Listing |
SIX Swiss Exchange |
|
Coupon |
0.55% |
|
Tenor |
5 years |
|
Issue date |
15 November 2016 |
Investment properties in the amount of CHF 344.3 million (31.12.2015: CHF 365.4 million) were pledged to secure long-term financial debt.
Unused credit lines totalled CHF 136 million at 31 December 2016.
As at the balance sheet date, amounts falling due are as follows:
|
In CHF 1,000 |
31.12.2016 |
31.12.2015 |
|
|
|
|
|
Rollover mortgages |
174,736 |
252,633 |
|
Due within the first year 1) |
39,905 |
39,479 |
|
Due within the second year |
- |
29,805 |
|
Due within the third year |
8,780 |
- |
|
Due within the fourth year |
2,151 |
12,038 |
|
Due within the fifth year and beyond |
100,000 |
2,151 |
|
Total mortgages and bond |
325,572 |
336,105 |
|
|
|
|
|
Loans from third parties 2) |
12,089 |
30,177 |
|
Total other financial liabilities |
12,089 |
30,177 |
|
|
|
|
|
Total financial liabilities |
337,660 |
366,281 |
1) Mortgages due within the first year are reported under non-current liabilities because extensions are planned.
2) Loans from third parties include unsettled purchase prices paid for acquisitions of CHF 10 million (31.12.2015: CHF 15 million), which are amortised annually by CHF 5 million. The remaining loans from third parties have no fixed maturity.
Interest maturity periods are as follows (composition until next interest rate adjustment):
|
In CHF 1,000 |
Interest rates as at 31.12.2016 |
31.12.2016 |
31.12.2015 |
|
up to one year |
|
225,572 |
180,709 |
|
up to 2 years |
|
- |
28,680 |
|
up to 3 years |
|
- |
- |
|
up to 4 years |
|
- |
- |
|
up to 5 years and over |
|
100,000 |
126,716 |
|
Total mortgages and bond |
0.55% – 3.7% |
325,572 |
336,105 |
|
|
|
|
|
|
Loans from third parties |
|
12,089 |
30,177 |
|
Total other financial liabilities |
0.0% – 0.75% |
12,089 |
30,177 |
|
|
|
|
|
|
Total financial liabilities |
|
337,660 |
366,281 |
The weighted average interest costs for all mortgages and the bond amounted to 2.0% (2015: 2.2%).