16 Financial assets

CHF million

31.12.2023

31.12.2022

Investments in non-consolidated companies

23.7

20.2

Loans

0.7

0.6

Other financial assets

6.0

7.4

Total non-current portion

30.3

28.2

The increase in investments in non-consolidated companies results from a change in the market value of the investment in Nihon Tokushu Toryo Co. Ltd. of CHF 3.5 million (2022: decrease of CHF 2.9 million), which is recognized in other comprehensive income.