21. Derivative financial instruments
|
|
|
|
31.12.2016
|
|
|
31.12.2015
|
|
In CHF 1,000
|
Purpose
|
Positive
fair values
|
Negative
fair values
|
Purpose
|
Positive
fair values
|
Negative
fair values
|
|
Interest rate swaps
|
Trading
|
-
|
–6,634
|
Hedging
|
-
|
–13,540
|
|
Total derivative financial instruments
|
|
-
|
–6,634
|
|
-
|
–13,540
|
|
Of which for hedging of future cash flows
|
|
-
|
-
|
|
-
|
–13,540
|
|
Total recognised in the balance sheet
|
|
-
|
–6,634
|
|
-
|
-
|
In 2016, the Group changed its financing strategy and in November refinanced the first part of its mortgage loans with a bond. As a consequence, the designated purpose of the interest rate swaps changed from hedging to trading. The negative fair value was therefore recognised in the balance sheet.