11 Financial assets
| In CHF million | 2022 | 2021 | ||
|---|---|---|---|---|
| Current financial assets | ||||
| Time deposits | 1 237 | 901 | ||
| Other current financial assets | 50 | 75 | ||
| Total current financial assets | 1 287 | 976 | ||
| Non-current financial assets | ||||
| Time deposits | 93 | 168 | ||
| Other deposits | 34 | 29 | ||
| Equity instruments | 253 | 230 | ||
| Other non-current financial assets | 107 | 73 | ||
| Total non-current financial assets | 487 | 500 | ||
Time deposits are included in current financial assets if their maturity is between 3 and 12 months, or in non-current financial assets if their maturity exceeds 12 months.
As of December 31, 2022, the investment in Hyundai Elevator Co. Ltd. represents CHF 131 million of non-current equity instruments (previous year: CHF 201 million). Schindler’s interest in this investment remains unchanged at 15.5% as of December 31, 2022. The Group received CHF 4 million in dividend payments from this investment in the reporting year, recognized as financial income (previous year: CHF 4 million).
Other current and non-current financial assets include debt instruments, such as bonds, bond funds, and loans to associates.