In 2020, loans to third parties include unpaid selling price consideration of CHF 3.4 million (2019: CHF 3.8 million) and CHF 4.1 million (2019: CHF 8.3 million) of the former shareholder loan to disposed Group company La Foncière de la Dixence SA. 

In 2020, investments in associates include acquisitions of 47% of the share capital of RedPapillons SA and 33% of the share capital of LM Properties SA. Other financial assets include the acquisition of 6% of the share capital of Taurus Group SA. The remaining participation of 13% of the share capital of YetiVisit SA was sold.