11 Financial assets
| In CHF million | 2025 | 2024 | ||
|---|---|---|---|---|
| Current financial assets | ||||
| Time deposits | 1 834 | 1 365 | ||
| Derivatives | 8 | 15 | ||
| Other current financial assets | 136 | 101 | ||
| Total current financial assets | 1 978 | 1 481 | ||
| Non-current financial and other assets | ||||
| Time deposits | 127 | 177 | ||
| Other deposits | 22 | 29 | ||
| Equity instruments | 155 | 261 | ||
| Other non-current financial assets | 48 | 50 | ||
| Total non-current financial assets | 352 | 517 | ||
| Other non-current assets | 51 | 47 | ||
| Total non-current financial and other assets | 403 | 564 | ||
Time deposits are recognized as current financial assets if their maturity falls between 3 and 12 months, or as non-current financial assets if their maturity exceeds 12 months.
In the reporting year, Schindler reduced its stake in Hyundai Elevator Co. Ltd. As of December 31, 2025, Schindler’s interest in the company became insignificant. Upon disposal, accumulated gains recognized in OCI of CHF 127 million were transferred to retained earnings (previous year: CHF 8 million). Schindler received CHF 8 million in dividend payments from this investment in the reporting year, recognized as financial income (previous year: CHF 15 million). As of December 31, 2024, the investment in Hyundai Elevator Co. Ltd., recognized as a non-current equity instrument, amounted to CHF 124 million, representing a 9.9% ownership interest in the company.
Other current and non-current financial assets include debt instruments, such as bonds, bond funds, and loans to associates.