11 Investments in Associates
Summarised financial information for the year 2023
| Amounts in CHF million | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ownership interest | Carrying amount | Dividends received | Share of profit or loss | Share of other comprehensive income | Share of total comprehensive income | |||||||
|
Equity method associates
|
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| Crédit et Services Financiers (CRESERFI), Paris | 33.4% | 39 | 0 | 0 | – | 0 | ||||||
| ZSC Lions Arena Immo AG, Zürich | 33.3% | 20 | – | 0 | – | 0 | ||||||
| Other associates | n/a | 37 | 1 | 2 | 0 | 2 | ||||||
| Total | n/a | 97 | 2 | 1 | 0 | 1 | ||||||
|
Associates at fair value through profit or loss
|
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| Agrippa Quartier GmbH & Co. Geschlossene InvKG, Frankfurt am Main | 35.6% | 66 | – | n/a | n/a | n/a | ||||||
| SCI Tour LM, Marseille | 33.3% | 0 | 1 | n/a | n/a | n/a | ||||||
| Total | n/a | 66 | 1 | n/a | n/a | n/a | ||||||
Summarised financial information for the year 2022
| Amounts in CHF million | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ownership interest | Carrying amount | Dividends received | Share of profit or loss | Share of other comprehensive income | Share of total comprehensive income | |||||||
|
Equity method associates
|
||||||||||||
| Crédit et Services Financiers (CRESERFI), Paris | 33.4% | 43 | – | 0 | – | 0 | ||||||
| ZSC Lions Arena Immo AG, Zürich | 33.3% | 20 | – | 0 | – | 0 | ||||||
| Other associates | n/a | 18 | 12 | 1 | 0 | 1 | ||||||
| Total | n/a | 80 | 12 | 0 | 0 | 0 | ||||||
|
Associates at fair value through profit or loss
|
||||||||||||
| Agrippa Quartier GmbH & Co. Geschlossene InvKG, Frankfurt am Main | 35.8% | 70 | – | n/a | n/a | n/a | ||||||
| SCI Tour LM, Marseille | 33.3% | 2 | 15 | n/a | n/a | n/a | ||||||
| Total | n/a | 72 | 15 | n/a | n/a | n/a | ||||||
Summarised financial information relating to material associates was as follows.
| Amounts in CHF million | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crédit et Services Financiers (CRESERFI) Paris | ZSC Lions Arena Immo AG, Zürich | Agrippa Quartier GmbH & Co. Geschlossene InvKG Frankfurt am Main | SCI TOUR LM Marseille | |||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||||||||
|
Summarised financial information
|
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| Current assets | 53 | 131 | 24 | 7 | 7 | 0 | 2 | 38 | ||||||||
| Non-current assets | 109 | 42 | 213 | 177 | 172 | 179 | – | – | ||||||||
| Current liabilities | –34 | –12 | –29 | 0 | –1 | 0 | 0 | –33 | ||||||||
| Non-current liabilities | –10 | –33 | –148 | –124 | –47 | –40 | – | – | ||||||||
| Revenue | 13 | 0 | 6 | 1 | –1 | –1 | 0 | 5 | ||||||||
| Profit or loss | –1 | 0 | 0 | 0 | –1 | 55 | –1 | 69 | ||||||||
| Total comprehensive income | –1 | 0 | 0 | 0 | –1 | 55 | –1 | 69 | ||||||||
|
Reconciliation
|
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| Net assets | 118 | 129 | 60 | 60 | n/a | n/a | n/a | n/a | ||||||||
| Ownership interest | 33.4% | 33.4% | 33.3% | 33.3% | n/a | n/a | n/a | n/a | ||||||||
| Share of net assets (carrying amount) | 39 | 43 | 20 | 20 | n/a | n/a | n/a | n/a | ||||||||