11 Financial assets
| In CHF million | 2024 | 2023 1 | ||
|---|---|---|---|---|
| Current financial assets | ||||
| Time deposits | 1 365 | 1 146 | ||
| Derivatives | 15 | 18 | ||
| Other current financial assets | 101 | 91 | ||
| Total current financial assets | 1 481 | 1 255 | ||
| Non-current financial and other assets | ||||
| Time deposits | 177 | 38 | ||
| Other deposits | 29 | 35 | ||
| Equity instruments | 261 | 252 | ||
| Other non-current financial assets | 50 | 64 | ||
| Total non-current financial assets | 517 | 389 | ||
| Other non-current assets | 47 | 38 | ||
| Total non-current financial and other assets | 564 | 427 | ||
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1 See note 2.2 for information on the change in presentation
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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, 2024, the investment in Hyundai Elevator Co. Ltd. represents CHF 124 million of non-current equity instruments (previous year: CHF 130 million). As the result of the disposal of shares in the reporting year, Schindler’s interest decreased from 11.5% to 9.9% as of December 31, 2024. Upon the disposal, accumulated gains recognized in OCI of CHF 8 million (previous year: 27 million) were transferred to retained earnings. The Group received CHF 15 million in dividend payments from this investment in the reporting year, recognized as financial income (previous year: CHF 2 million).
Other current and non-current financial assets include debt instruments, such as bonds, bond funds, and loans to associates.