37 Non-current assets held for sale

The discussions regarding the sale of swisspartners Investment Network AG have been suspended for the time being. Within the scope of its new strategy which focuses on the core business, the LLB Group still intends to sell swisspartners Investment Network AG. Since the pre-conditions for the classification of the company’s assets and liabilities as non-current assets held for sale in accordance with IFRS 5 as per 30 June 2013 were no longer fully satisfied, swisspartners Group has again been fully consolidated from 30 June 2013. The assets and liabilities of the company are again reported in the individual balance sheet positions of the LLB Group.

in CHF thousands

31.12.2013

31.12.2012

Assets

 

 

Due from banks

0

125'920

Financial investments at fair value through profit and loss

0

1'099'418

Other assets

0

59'155

Total assets

0

1'284'493

 

 

 

Liabilities

 

 

Liabilities from insurance contracts

0

16'719

Financial liabilities at fair value through profit and loss

0

1'187'951

Other liabilities

0

53'814

Total liabilities

0

1'258'484

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