1)Including goodwill arising from the acquisition in the amount of CHF 4.1 million (31.12.2022: CHF 4.3 million).
As at 31 December 2023, loans to third parties include unpaid selling price consideration of CHF 3.4 million (31.12.2022: CHF 3.4 million) and CHF 0.0 million (31.12.2022: CHF 1.9 million) of the former shareholder loan to disposed Group company La Foncière de la Dixence SA. Other financial assets include the increase in the investment in the digital asset infrastructure provider Taurus SA by CHF 4.5 million as part of the latter’s capital increase. In 2022, investments in associates include acquisitions of 20% of the share capital of EMETS SA.
Accounting principles
Long-term loans and other long-term receivables are stated at nominal value.
Investments in associates are all companies on which the Investis Group exerts significant influence but does not have control. This is generally evidenced when the Investis Group holds voting rights and share capital ownership of between 20% and 50% of a company. They are valued and accounted for using the equity method. Goodwill arising from acquisition is recognised as part of the investment in associates.
Ownership of shares in organisations where Investis has voting rights of less than 20% of the total is recognised as other financial assets at acquisition cost, less any necessary write-downs.
If there is any indication of impairment, an impairment test is performed immediately. If the carrying amount exceeds the recoverable amount, an impairment loss is recognised in the income statement.
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