3.4 Financial liabilities
|
CHF million |
Bonds |
Loans payable |
Lease liabilities |
Total |
|
Non-current financial liabilities at 1 January 2023 |
709 |
331 |
35 |
1,075 |
|
Current financial liabilities at 1 January 2023 |
141 |
379 |
6 |
526 |
|
Financial liabilities at 1 January 2023 |
850 |
710 |
41 |
1,601 |
|
Proceeds from financial liabilities 1 |
375 |
163 |
4 |
542 |
|
Repayment of financial liabilities |
– 140 |
– 388 |
– 7 |
– 535 |
|
Unwinding of discount |
|
1 |
|
1 |
|
Reclassified to “Liabilities held for sale” |
|
|
– 1 |
– 1 |
|
Currency translation differences |
|
– 10 |
– 2 |
– 12 |
|
Financial liabilities at 31 December 2023 |
1,085 |
476 |
35 |
1,596 |
|
Non-current financial liabilities at 31 December 2023 |
825 |
337 |
30 |
1,192 |
|
Current financial liabilities at 31 December 2023 |
260 |
139 |
5 |
404 |
1 Lease liabilities in amount of CHF 4 million not cash effective.
|
CHF million |
Bonds |
Loans payable |
Lease liabilities |
Total |
|
Non-current financial liabilities at 1 January 2022 |
400 |
189 |
38 |
627 |
|
Current financial liabilities at 1 January 2022 |
275 |
665 |
6 |
946 |
|
Financial liabilities at 1 January 2022 |
675 |
854 |
44 |
1,573 |
|
Acquisition / disposal of subsidiaries |
|
|
– 1 |
– 1 |
|
Proceeds from financial liabilities 1 |
450 |
2,259 |
8 |
2,717 |
|
Repayment of financial liabilities |
– 275 |
– 2,396 |
– 8 |
– 2,679 |
|
Unwinding of discount |
|
|
2 |
2 |
|
Adjustment of lease agreements |
|
|
– 2 |
– 2 |
|
Other changes |
|
– 1 |
|
– 1 |
|
Currency translation differences |
|
– 6 |
– 2 |
– 8 |
|
Financial liabilities at 31 December 2022 |
850 |
710 |
41 |
1,601 |
|
Non-current financial liabilities at 31 December 2022 |
709 |
331 |
35 |
1,075 |
|
Current financial liabilities at 31 December 2022 |
141 |
379 |
6 |
526 |
1 Lease liabilities in amount of CHF 8 million not cash effective.
Bonds outstanding at the reporting date
|
CHF million |
Maturity |
Earliest repayment date |
Effective interest rate % |
Carrying amount at 31 Dec 2023 |
Carrying amount at 31 Dec 2022 |
|
|
|
|
|
|
|
|
Alpiq Holding Ltd. CHF 141 million nominal amount, 2.13% fixed rate |
2015 / 2023 |
30 Jun 2023 |
2.12 |
|
141 |
|
Alpiq Holding Ltd. CHF 260 million nominal amount, 2.63% fixed rate |
2014 / 2024 |
29 Jul 2024 |
2.71 |
260 |
259 |
|
Alpiq Holding Ltd. CHF 200 million nominal amount, 1.63% fixed rate |
2022 / 2025 |
30 May 2025 |
1.69 |
200 |
200 |
|
Alpiq Holding Ltd. CHF 250 million nominal amount, 1.75% fixed rate |
2022 / 2026 |
24 Jun 2026 |
1.63 |
250 |
250 |
|
Alpiq Holding AG CHF 220 million nominal amount, 3.13% fixed rate |
2023 / 2027 |
29 Apr 2027 |
3.03 |
220 |
|
|
Alpiq Holding AG CHF 155 million nominal amount, 3.38% fixed rate |
2023 / 2030 |
29 Apr 2030 |
3.32 |
155 |
|
The weighted interest rate on the bonds issued and listed on the SIX Swiss Exchange based on the nominal value at the reporting date is 2.43% (previous year: 2.04%), and that on the loans payable is 2.61% (2.25%). The latter also includes project financing denominated in euros. The weighted average interest rate of the bonds and the loans payable is 2.48% (2.11%).
Accounting policies
The accounting policies for financial liabilities are disclosed in note 3.2 and note 3.5.