3.3 Other non-current assets
|
CHF million |
Financial investments |
Loans receivable |
Hedged firm commitments 1 |
Other non-current assets |
Total |
|
Carrying amount at 1 January 2022 |
1 |
10 |
|
12 |
23 |
|
Additions |
|
1 |
2 |
|
3 |
|
Disposals |
|
– 1 |
|
|
– 1 |
|
Carrying amount at 31 December 2022 |
1 |
10 |
2 |
12 |
25 |
1 Application of fair value hedge accounting as of 1 July 2022 (see note 3.2)
|
CHF million |
Financial investments |
Loans receivable |
Hedged firm commitments |
Other non-current assets |
Total |
|
Carrying amount at 1 January 2021 |
1 |
11 |
|
49 |
61 |
|
Additions |
|
|
|
12 |
12 |
|
Reclassifications |
|
– 1 |
|
– 49 |
– 50 |
|
Carrying amount at 31 December 2021 |
1 |
10 |
|
12 |
23 |
Alpiq disposed of all of the loan claims received from Swissgrid Ltd in 2014 in the course of the transfer of the Swiss high-voltage grid. As part of the disposal, the Swissgrid loan tranches were sold without the contractually related conversion rights. In 2021, the related assets and liabilities were reclassiefied from non-current to current. In 2022, the obligation expired and such a conversion never occurred. Upon expiry, the corresponding asset and liability were derecognised.