13 FINANCIAL ASSETS OF THE AIRPORT OF ZURICH NOISE FUND
|
(CHF 1,000) |
|
31.12.2020 |
|
31.12.2019 |
|
Current financial assets of Airport of Zurich Noise Fund |
|
48,449 |
|
17,376 |
|
Non-current financial assets of Airport of Zurich Noise Fund |
|
370,644 |
|
394,428 |
|
Total financial assets of Airport of Zurich Noise Fund |
|
419,093 |
|
411,804 |
The financial assets of the Airport of Zurich Noise Fund consist mostly of CHF-denominated bonds and a mixed investment fund. The investment horizon is based on the expected obligation to make payments from the Airport of Zurich Noise Fund and averages around four years. In 2020, interest on bonds was unchanged year on year at between 0.00% and 2.625%. The funds are managed by professional financial institutions (see note 6, Finance result, and note 24.1 a) Financial risk management, i) Credit risk).
