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14. Non-current financial assets

In CHF 1,000

31.12.2017

31.12.2016

Financial assets of related parties

15,000

30,000

Total financial assets of related parties

15,000

30,000

 

 

 

Investments in associates 1)

3,648

23

Other financial assets

934

3,034

Total other financial assets

4,582

3,057

 

 

 

Total non-current financial assets

19,582

33,057

1) Including goodwill arising from the acquisition in the amount of CHF 3.0 million (2016: ─) which was recognised as part of the investment in associates.

On 9 October 2017, Investis Investments SA made a strategic investment by acquiring 50% of the shares in the Venture Capital firm Polytech Ventures Holding SA. Polytech Ventures evaluates industry needs in the field of digitalisation, develops disruptive business models on the basis of this evaluation, and supports innovative start-up companies.

Transactions involving related parties and companies are described in Note 24.