4.2 Financial Assets
at 31 December | in CHF thousand | 2025 | 2024 | ||
|---|---|---|---|---|
Loan receivables | 4,720 | 7,298 | ||
Deposits | 914 | 950 | ||
Other financial assets | – | 16 | ||
Total financial assets | 5,634 | 8,264 |
Loan receivables consist of loans granted to MEP participants to finance the purchase of SMG Holding shares (refer to Note 2.2). These loans bear interest at market rates, with an interest rate of 1.71% in 2025 (previous year: 2.02%). Deposits comprise security deposits for leased office premises, the majority of which relate to the Zurich office location.
Accounting Policies
Financial assets are stated at amortised cost. Exchange rate gains and losses, as well as impairments of financial assets, are recorded in the statement profit or loss. At each reporting date, the Group assesses whether financial assets measured at amortised cost need to be impaired. A financial asset is considered credit-impaired if one or more events have occurred that negatively impact the estimated future cash flows of the asset.