13 Derivative financial instruments
|
|
2024 |
2023 |
2024 |
2023 |
||
|
in CHF 1,000 |
Notional amount |
Notional amount |
Derivative financial assets |
Derivative financial liabilities |
Derivative financial assets |
Derivative financial liabilities |
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
Forward foreign exchange contracts |
1,599,114 |
888,386 |
19,541 |
2,301 |
3,006 |
12,457 |
|
– cash flow hedges recognised in OCI |
641,424 |
66,671 |
1,347 |
547 |
469 |
2,176 |
|
– not designated as hedging instruments |
957,690 |
821,715 |
5,681 |
1,754 |
2,537 |
10,281 |
|
Foreign exchange call options |
576,489 |
– |
12,513 |
– |
– |
– |
|
– cash flow hedges recognised in OCI |
576,489 |
– |
12,513 |
– |
– |
– |
|
|
|
|
|
|
|
|
|
Non-current |
|
|
|
|
|
|
|
Forward foreign exchange contracts |
50,396 |
52,751 |
692 |
431 |
401 |
996 |
|
– cash flow hedges recognised in OCI |
48,684 |
52,751 |
686 |
385 |
401 |
996 |
|
– not designated as hedging instruments |
1,712 |
– |
6 |
46 |
– |
– |
|
Interest rate swaps |
96,182 |
– |
– |
828 |
– |
– |
|
– cash flow hedges recognised in OCI |
96,182 |
– |
– |
828 |
– |
– |
|
|
|
|
|
|
|
|
|
Total derivatives |
1,649,510 |
941,137 |
20,233 |
3,560 |
3,407 |
13,453 |
In 2024 and 2023, the ineffectiveness was immaterial.
In 2024, SoftwareOne entered into a foreign currency call option at a fair value at inception of TCHF 13,516. The group recognized unrealised losses in the amount of TCHF 1,003 and an opposite tax effect of TCHF 150 in OCI during the period.