Other financial assets
In CHF million
|Balance at 31 December 2011||210||31||28||269|
|Change in fair value recognised in income statement||–||–||(5)||(5)|
|Foreign currency translation adjustments recognised in income statement||(4)||–||–||(4)|
|Balance at 31 December 2012||173||41||23||237|
|Change in fair value recognised in income statement||–||–||3||3|
|Change in fair value recognised in equity||–||1||–||1|
|Foreign currency translation adjustments recognised in income statement||(4)||(1)||–||(5)|
|Balance at 31 December 2013||305||42||6||353|
|Thereof other current financial assets||156||4||–||160|
|Thereof other non-current financial assets||149||38||6||193|
Loans and receivables
As of 31 December 2013, term deposits totalled CHF 156 million (prior year: CHF 6 million). As of 31 December 2013, financial assets in the amount of CHF 135 million were not freely available. These assets serve as security for bank loans.
Available-for-sale financial assets
Available-for-sale financial assets primarily include financial investments in equity instruments. As a general rule, shares not quoted on stock exchanges are recorded at cost since their fair value cannot be reliably determined. As of 31 December 2013, the carrying amount of investments in shares recorded at cost totalled CHF 21 million (prior year: CHF 20 million).
Derivative financial instruments
As at 31 December 2013, derivative financial instruments with a positive market value of CHF 6 million were recognised (prior year: CHF 23 million). Derivative financial instruments include foreign-currency swaps and interest-rate swaps. In the prior year, options relating to company acquisitions with a fair value of CHF 23 million were recorded. See Note 33.