3 Change in presentation
The replacement value of derivatives is no longer presented in the line item prepaid expenses or accrued expenses in the balance sheet. With effect from January 1, 2024, the replacement value of derivatives is presented in the line item current financial assets or other current liabilities, respectively. This change was made to improve the presentation of the balance sheet and did not have any impact on the income statement or equity of Schindler Holding Ltd.
To allow for a better comparison, the line items presented in the 2023 financial statements of Schindler Holding Ltd. were adjusted as follows:
| In CHF million | Reported | Change in presentation | |||
|---|---|---|---|---|---|
| As of December 31, 2023 | |||||
| Current financial assets | 1 215 | 30 | |||
| Prepaid expenses | 47 | –30 | |||
| Other current liabilities | 13 | 29 | |||
| Accrued expenses | 43 | –29 |