Semiannual Report 2024

4 Financial Instruments

 

 

Carrying amounts

in CHF 1'000

 

June 30, 2024

 

December 31, 2023

 

 

 

 

 

Financial assets held to collect measured at amortized cost

 

 

 

 

Cash and cash equivalents

 

76'403

 

110'833

Trade receivables

 

152'427

 

111'015

Other receivables

 

665

 

1'575

Other financial assets

 

2'300

 

1'312

Total

 

231'795

 

224'736

 

 

 

 

 

Financial assets measured at fair value through OCI

 

 

 

 

Investments 1) 3)

 

2'711

 

2'524

Total

 

2'711

 

2'524

 

 

 

 

 

Financial assets measured at fair value through profit and loss

 

 

 

 

Investments 1) 3)

 

2'250

 

2'095

Derivative financial instruments 2)

 

201

 

1'914

Total

 

2'451

 

4'009

 

 

 

 

 

Financial liabilities measured at amortized cost

 

 

 

 

Trade payables

 

35'029

 

21'635

Bank loans

 

5'558

 

3'966

Lease liabilities

 

12'383

 

10'606

Other financial liabilities

 

524

 

138

Other liabilities and accrued expenses qualifying as financial instruments

 

36'079

 

36'739

Total

 

89'574

 

73'084

 

 

 

 

 

Financial liabilities measured at fair value through profit and loss

 

 

 

 

Derivative financial instruments 2)

 

519

 

112

Total

 

519

 

112

1) Measured at fair values that are calculated based on factors that are not observable market data (level 3).

2) Measured at fair values that are calculated based on observable market data (level 2).

3) Investments are presented within "non-current financial assets" in the primary statement.

In the first half of 2024, Belimo utilized committed credit lines in the amount of CHF 30.0 million to cover short-term financing needs (first half 2023: use of CHF 60.2 million of committed credit lines). Thereof, CHF 30.0 million has been repaid in the reporting period (first half 2023: CHF 50.7 million).

For financial assets and financial liabilities not measured at fair value in the table above (excluding lease liabilities), the carrying amount is a reasonable approximation of fair value. In accordance with IFRS Accounting Standards, the fair value of the lease liabilities is neither calculated nor disclosed.

The Group did not perform any quantitative sensitivity analysis as at June 30, 2024 and at December 31, 2023 for the financial instruments measured at fair value, as they are considered to be immaterial.