3.5 Financial liabilities
|
CHF million |
Bonds |
Loans payable |
Lease liabilities |
Total |
|
Non-current financial liabilities at 1 January 2021 |
675 |
196 |
42 |
913 |
|
Current financial liabilities at 1 January 2021 |
143 |
150 |
6 |
299 |
|
Financial liabilities at 1 January 2021 |
818 |
346 |
48 |
1,212 |
|
Proceeds from financial liabilities |
|
895 |
4 |
899 |
|
Repayment of financial liabilities |
– 143 |
– 381 |
– 8 |
– 532 |
|
Unwinding of discount |
|
|
2 |
2 |
|
Currency translation differences |
|
– 6 |
– 2 |
– 8 |
|
Financial liabilities at 31 December 2021 |
675 |
854 |
44 |
1,573 |
|
Non-current financial liabilities at 31 December 2021 |
400 |
189 |
38 |
627 |
|
Current financial liabilities at 31 December 2021 |
275 |
665 |
6 |
946 |
|
CHF million |
Bonds |
Loans payable |
Lease liabilities |
Total |
|
Non-current financial liabilities at 1 January 2020 |
818 |
311 |
46 |
1,175 |
|
Current financial liabilities at 1 January 2020 |
|
126 |
6 |
132 |
|
Financial liabilities at 1 January 2020 |
818 |
437 |
52 |
1,307 |
|
Proceeds from financial liabilities |
|
13 |
3 |
16 |
|
Repayment of financial liabilities |
|
– 102 |
– 9 |
– 111 |
|
Unwinding of discount |
|
|
2 |
2 |
|
Currency translation differences |
|
– 2 |
|
– 2 |
|
Financial liabilities at 31 December 2020 |
818 |
346 |
48 |
1,212 |
|
Non-current financial liabilities at 31 December 2020 |
675 |
196 |
42 |
913 |
|
Current financial liabilities at 31 December 2020 |
143 |
150 |
6 |
299 |
Bonds outstanding at the reporting date
|
CHF million |
Maturity |
Earliest repayment date |
Effective interest rate % |
Carrying amount at 31 Dec 2021 |
Carrying amount at 31 Dec 2020 |
|
Alpiq Holding Ltd. CHF 144 million face value, 2 1/4 % fixed rate |
2011 / 2021 |
20 Sept 2021 |
2.401 |
|
143 |
|
Alpiq Holding Ltd. CHF 145 million face value, 3 % fixed rate |
2012 / 2022 |
16 May 2022 |
3.060 |
145 |
145 |
|
Alpiq Holding Ltd. CHF 141 million face value, 2 1/8 % fixed rate |
2015 / 2023 |
30 Jun 2023 |
2.123 |
141 |
141 |
|
Alpiq Holding Ltd. CHF 260 million face value, 2 5/8 % fixed rate |
2014 / 2024 |
29 Jul 2024 |
2.712 |
259 |
259 |
|
Electricité d’Emosson SA CHF 130 million face value, 1 3/8 % fixed rate |
2017 / 2022 |
2 Nov 2022 |
1.441 |
130 |
130 |
Relative to face value, the weighted interest rate issued at the reporting date on bonds listed on the SIX Swiss Exchange was 2.29 % (previous year: 2.35 %), and 2.78 % (3.52 %) on loans payable. The latter also includes project financing facilities denominated in euros. The weighted average rate of interest on the bonds and loans payable amounts to 2.47 % (2.67 %).
Accounting policies
The accounting policies for financial liabilities are disclosed in note 3.2 and note 3.6.