4.2 Cash and cash equivalents Cash and cash equivalents include cash at bank and short-term placements. Short-term placements are highly liquid
investments with original maturities of three months or less that are readily convertible to known amounts of cash, which are
subject to an insignificant risk of changes in value.
2022 2021 CHF 000s CHF 000s Cash in hand
446
321
Cash at bank
212,254
203,991
Bank deposits (original maturities < 3 months)
40,001
10,004
252,701
214,316
The cash at bank balance above includes CHF 92,481k (2021: CHF 124,056k) for the delivery of cash to beneficiaries under
Component B of the ESSN project (see note 3.2b).
4.3 Investments 2022 2021 CHF 000s CHF 000s Bank deposits measured at amortised cost (see note 4.6)
Short-term investment (maturities > 3 months)
79,000
59,000
Long-term investment (maturities > 1 year)
160,000
90,000
Total bank deposits measured at amortised cost 239,000
149,000
Financial assets measured at fair value through profit and loss Global bond fund
75,288
91,086
Global equity fund
33,849
38,093
Total financial assets measured at fair value through profit and loss 109,137
129,179
Total Investments 348,137
278,179
Current investments
188,137
188,179
Non-current investments
160,000
90,000
Total Investments 348,137
278,179
Short-term investments are initially recognised at fair value, and subsequently measured at amortised cost. They include
short-term bank deposits with original maturities of more than three months, but less than one year. Investments with
maturities of more than twelve months after the reporting period are classified as non-current assets.
Long-term investments are recognised and subsequently measured at fair value through profit or loss, and comprise units
held in a global bond fund and units held in a global equity fund. Both funds are classified as financial assets. The fair value
of the units is fully determined by reference to published price quotations in an active market. Purchases and sales of units
are recognised on the trade date, which is the date that the investment managers commit to purchase or sell the asset, on
behalf of the IFRC. Realised or unrealised gains and losses arising from changes in the fair value of financial assets are
included in the Consolidated Statement of Comprehensive Income under Net finance income, in the period in which they
arise.
