Autoneum - Annual Report 2023

29 Financial instruments

The following tables summarize all financial instruments classified by categories according to IFRS 9:


CHF million	31.12.2023	31.12.2022
Fair value of derivative financial instruments¹	9.4	4.8
Total financial assets at fair value through profit or loss	9.4	4.8
Cash at banks	145.0	121.5
Time deposits with original maturities up to 3 months	4.4	2.1
Trade receivables	273.1	250.4
Other receivables	17.5	16.7
Accrued income	22.7	33.8
Loans	0.7	0.6
Other financial assets	6.0	7.4
Total financial assets at amortized cost	469.3	432.5
Investments in non-consolidated companies²	23.7	20.2
Total financial assets at fair value through other comprehensive income	23.7	20.2
Total	502.4	457.6


CHF million	31.12.2023	31.12.2022
Borrowings	594.0	638.8
Trade payables	190.3	160.2
Accrued expenses	129.6	110.3
Other payables	19.2	12.8
Total financial liabilities at amortized cost	933.0	922.1
Fair value of derivative financial instruments¹	3.1	1.4
Total financial liabilities at fair value through profit or loss	3.1	1.4
Total	936.1	923.5

¹ Measured at fair values that are calculated based on observable market data (level 2).
² Measured at fair values that are based on quoted prices in active markets (level 1).

Borrowings comprise a bond with a total net book value of CHF 99.9 million (December 31, 2022: two bonds with a total net book value of CHF 174.9 million) and a total fair value of CHF 98.5 million (December 31, 2022: two bonds with a total fair value of CHF 169.4 million) based on quoted prices in active markets. The fair value of the discounted contractual future cash flows is equal to the carrying amount of the variable interest bank borrowings. Refer to note 23 for further information. The book values of other financial instruments measured at amortized cost correspond to their fair values.