2 Investment income and expenses
CHF millions |
2018 |
2019 |
|---|---|---|
Cash dividends from subsidiaries and affiliated companies |
3 562 |
2 230 |
Realised gains on sale of investments |
19 |
155 |
Valuation adjustments on derivative financial instruments1 |
– |
35 |
Income from short-term investments |
0 |
1 |
Income from loans to subsidiaries and affiliated companies |
113 |
131 |
Investment management income |
0 |
0 |
Other interest revenues |
84 |
77 |
Investment income |
3 778 |
2 629 |
CHF millions |
2018 |
2019 |
||
|---|---|---|---|---|
|
||||
Realised losses on sale of investments |
66 |
157 |
||
Valuation adjustments on derivative financial instruments1 |
16 |
14 |
||
Valuation adjustments on investments in subsidiaries and affiliated companies |
776 |
1 702 |
||
Investment management expenses |
0 |
1 |
||
Other interest expenses |
12 |
19 |
||
Investment expenses |
870 |
1 893 |
||
As of 31 December 2019, the Company’s assets for derivative financial instruments carried at market value amounted to CHF 101 millions.