12 AIRPORT of ZURICH NOISE FUND

(CHF 1,000)

 

2020

Airport of Zurich Noise Fund as at 1 January

 

422,882

Revenue from noise charges

 

4,142

Costs for sound insulation and resident protection

 

–2,952

Costs for formal expropriations 1)

 

–1,440

Airport of Zurich Noise Fund as at 30 June before operating costs and finance result

 

422,632

Noise-related operating costs

 

–1,701

Interest income and adjustments to fair value financial assets of Airport of Zurich Noise Fund

 

–1,143

Airport of Zurich Noise Fund as at 30 June

 

419,788

1) In addition to compensation payments for formal expropriations, this amount includes other associated external costs (in accordance with the regulations of the Airport of Zurich Noise Fund).

Summary of assets invested in the Airport of Zurich Noise Fund:

(CHF 1,000)

 

30.06.2020

 

31.12.2019

Cash equivalents (see note 9, "Cash and cash equivalents")

 

12,512

 

18,092

Current financial assets of Airport of Zurich Noise Fund

 

20,257

 

17,376

Non-current financial assets of Airport of Zurich Noise Fund

 

395,753

 

394,428

Accrual / deferral towards Flughafen Zürich AG 1)

 

–8,734

 

–7,014

Total assets invested for Airport of Zurich Noise Fund

 

419,788

 

422,882

1) For accounting reasons, an asset or liability towards Flughafen Zürich AG arises as of the balance sheet date. This is compensated in the subsequent month, so the balance of liquid funds is restored.