Transactions with own pension funds
| Download |
in CHF thousands |
2019 |
2018 |
+/− % |
|||||
|---|---|---|---|---|---|---|---|---|
|
||||||||
Loans |
|
|
|
|||||
As at 1 January |
642 |
367 |
75.0 |
|||||
Change |
–642 |
275 |
|
|||||
As at 31 December |
0 |
642 |
–100.0 |
|||||
|
|
|
|
|||||
Deposits |
|
|
|
|||||
As at 1 January |
20'371 |
27'435 |
–25.7 |
|||||
Change |
–2'503 |
–7'065 |
–64.6 |
|||||
As at 31 December |
17'868 |
20'371 |
–12.3 |
|||||
|
|
|
|
|||||
Income and expenses |
|
|
|
|||||
Interest income |
0 |
1 |
–99.9 |
|||||
Interest expenses |
0 |
–20 |
–99.7 |
|||||
Other income * |
752 |
708 |
6.3 |
|||||
Other expenses |
–1 |
–3 |
–70.9 |
|||||
Total |
751 |
685 |
9.7 |
|||||
No guarantees have been granted by the LLB Group for third parties on behalf of own pension funds.
To hedge against interest rate and currency risks, an own pension fund has concluded swaps. Claims exist from derivative financial instruments against the own pension fund totalling CHF thousands 6 (previous year: CHF thousands 94) and liabilities amounting to CHF thousands 1’000 (previous year: CHF thousands 147).