4.4Financial assets
CHF 1,000 | 31.12.2025 | 31.12.2024 |
|---|---|---|
Loans to third parties | 5,517 | 6,428 |
Loans to associates | - | 663 |
Investments in associates | 7,148 | 5,088 |
Other financial assets | 24,282 | 61,290 |
Total financial assets | 36,948 | 73,469 |
In 2025, the 25% stake in the associated company ‘PlanYourMove SA’ was sold at book value to another associated company. The loss on the sale of CHF 0.6 million including the recycling of the goodwill previously offset against equity is recognised in the result from associates (see Note 3.1 and Note 4.5). In other financial assets, the minority interest in PHM Group TopCo Oy was reduced to CHF 13 million (31.12.2024: CHF 49 million). The gain on the partial disposal of CHF 11.1 million is recognised in other financial income (see Note 3.1)
In 2024, other financial assets include the minority interest in PHM Group TopCo Oy, which was acquired for CHF 49 million following the sale of the entire Real Estate Services segment to the Finnish PHM Group in June 2024 (see Note 4.8).
Accounting principles |
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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 charged against equity at the acquisition date. |
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. |