Financial asset/liability Note Measured at Fair value level Carrying amount 2022 CHF 000s Carrying amount 2021 CHF 000s Investments - global bond funds
4.3 Fair value through profit or loss
1
75,288
91,086
Investments - global equity funds
4.3 Fair value through profit or loss
2
33,849
38,093
Foreign exchange forward
contracts
2.1d Fair value - hedging instrunents
2
( 44)
68
Investments - bank deposits
4.3 Amortised cost
239,000
149,000
Cash and cash equivalents
4.2 Amortised cost
252,701
214,316
Receivables
1
2.2 Amortised cost
323,123
222,669
Payables
3.5 Amortised cost
( 53,850)
( 33,016)
Liabilities - ESSN project
3.2b Amortised cost
( 112,585) ( 140,167)
Loans and borrowings
4.4 Amortised cost
( 56,000)
( 65,908)
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
(i.e. as prices) or indirectly (i.e. derived from prices).
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Transfers between levels of fair value hierarchy are recognised at the date of the event or change in circumstances that
caused the transfer. There were no transfers between levels in 2022 (2021: none).
For financial assets and liabilities not measured at fair value, the carrying value is a reasonable approximation of fair value.
Risk management The IFRC is exposed to a variety of financial risks, namely market risk, credit risk, and liquidity risk. The IFRC actively
seeks to minimise potential adverse effects arising from these exposures as detailed below.
In consultation with the Finance Commission, the IFRC has established Investment Guidelines which set out the overall
principles and policies for the IFRC’s management of financial instruments. The Finance Commission reports to the
Governing Board and the General Assembly and has oversight responsibility to ensure that management is adherent to the
Investment Guidelines. The Governing Board has established an Audit and Risk Commission to provide advice on risk
matters affecting the IFRC, including advice regarding risk identification, evaluation, measurement, monitoring, and the
overall risk management processes of the IFRC.
