9 Financial liabilities
|
|
|
|
|
|
|
(CHF million) |
|
30.06.2025 |
|
31.12.2024 |
|
Non-current debentures |
|
1,064.3 |
|
914.6 |
|
Non-current liabilities to banks |
|
436.5 |
|
383.0 |
|
Non-current lease liabilities |
|
131.8 |
|
155.3 |
|
Non-current liabilities from concession agreements |
|
3.9 |
|
6.1 |
|
Other non-current financial liabilities |
|
22.2 |
|
22.3 |
|
Non-current financial liabilities |
|
1,658.7 |
|
1,481.4 |
|
|
|
|
|
|
|
Current liabilities to banks |
|
18.2 |
|
18.1 |
|
Current lease liabilities |
|
5.2 |
|
8.8 |
|
Current liabilities from concession agreements |
|
0.5 |
|
0.6 |
|
Other current financial liabilities |
|
0.4 |
|
0.8 |
|
Current financial liabilities |
|
24.4 |
|
28.3 |
|
|
|
|
|
|
|
Total financial liabilities |
|
1,683.1 |
|
1,509.6 |
In June 2025, Zurich Airport Ltd. placed a debenture for CHF 150.0 million with a coupon of 1.1775% and a maturity of 15 years.
The rise in non-current liabilities to banks to CHF 436.5 million (31 December 2024: CHF 383.0 million) is attributable to additional liabilities held by the foreign airport operators as a result of their expansion activities.
The decline in lease liabilities is attributable to the acquisition of the Radisson Blu building (see note 6, Investment property) and the associated discontinued right-of-use asset held by Zurich Airport Ltd. for premises in the relevant building (see note 5, Right-of-use assets).
The maturities and terms of the debentures outstanding at the reporting date were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30.06.2025 |
|
30.06.2025 |
|
|
|
|
|
|
|
Debentures |
|
Nominal value |
|
Carrying amount |
|
Duration |
|
Interest rate |
|
Interest payment date |
|
|
|
(CHF million) |
|
(CHF million) |
|
|
|
|
|
|
|
Debenture (2027) |
|
200.0 |
|
199.8 |
|
2020 – 2027 |
|
0.1000% |
|
30.12. |
|
Debenture (2029) |
|
350.0 |
|
350.2 |
|
2017 – 2029 |
|
0.6250% |
|
24.05. |
|
Debenture (2035) |
|
365.0 |
|
364.6 |
|
2020 – 2035 |
|
0.2000% |
|
26.02. |
|
Debenture (2040) |
|
150.0 |
|
149.6 |
|
2025 – 2040 |
|
1.1775% |
|
25.06. |
|
Total debentures |
|
1,065.0 |
|
1,064.3 |
|
|
|
|
|
|
As at the reporting date, the Zurich Airport Group had the following credit facilities at its disposal:
|
|
|
|
|
|
|
|
|
(CHF million) |
|
Duration |
|
30.06.2025 |
|
31.12.2024 |
|
Operating credit facilities (committed credit lines) |
|
31.12.2026 |
|
300.0 |
|
300.0 |
|
Total credit facilities |
|
|
|
300.0 |
|
300.0 |
|
Utilisation: bank guarantees |
|
|
|
–9.4 |
|
–10.7 |
|
Total unused credit facilities |
|
|
|
290.6 |
|
289.3 |
