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15. Non-current financial assets

In CHF 1,000

31.12.2018

31.12.2017

Financial assets of related parties

15,000

Total financial assets of related parties

15,000

 

 

 

Investments in associates 1)

4,675

3,648

Other financial assets

4,789

934

Total other financial assets

9,464

4,582

 

 

 

Total non-current financial assets

9,464

19,582

1) Including goodwill arising from the acquisition in the amount of CHF 4.0 million (2017: CHF 3.0 million) which was recognised as part of the investment in associates.

On 1 March 2018, Investis Investments SA has taken a 28.6% equity stake in PropTech Partners SA (Neho), a start-up company based at the EPFL (Federal Institute of Technology Lausanne). Through its minority stake in Polytech Ventures Holding SA, Investis Investments SA was already indirectly invested in the company and is at balance sheet date the beneficial owner of 40% of this company. 

On 27 April 2018, Investis Investments SA acquired a 40% shareholding in YetiVisit SA, in Bulle. This start-up company is working in the field of digital real estate services.

On 26 April 2018, Investis Investments SA acquired a 10.7% shareholding in Lausanne-based Vanguard Internet SA, which offers digital facility services under the “Batmaid” brand.

On 4  June 2018, Investis Investments SA has purchased 10.8% of the share capital of Flatfox AG, a Zurich-based start-up company active in the field of digital services for property management.

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 23.