Annual Report 2012 - Swiss Life

161 Consolidated Financial Statements
Exposure to liquidity risk as at 31 December 2011
In CHF million
Carrying
amount
Cash flows
More than
Up to 1 month 1–3 months 3–12 months 1–5 years 5–10 years 10 years
Financial liabilities
Investment contracts with discretionary participation 8 445 24 43 235 1 937 1 904 4 302
Investment contracts without discretionary participation 85 4 5 13 14 8 41
Borrowings 2 624 – 1 132 2 476 760 –
Other financial liabilities 7 225 570 1 224 4 324 354 222 532
Total 18 379 598 1 273 4 704 4 781 2 894 4 875
Insurance and policyholder participation liabilities
Insurance liabilities 92 257 238 222 3 044 7 077 12 542 69 134
Policyholder participation liabilities 5 150 25 16 1 520 3 016 27 546
Total 97 407 263 238 4 564 10 093 12 569 69 680
Guarantees and Commitments
Financial guarantees – – – 130 – – –
Loan commitments – 67 24 24 4 – –
Capital commitments – 401 182 – 262 32 –
Total – 468 206 154 266 32 –
In CHF million For the account
and risk of the
swiss Life Group’s
Contractual Maturity customers Total
More than
Up to 1 month 1–3 months 3–12 months 1–5 years 5–10 years 10 years
Derivative assets
Currency 65 60 286 31 – – – 442
Interest rate – – – 46 59 543 – 648
Equity – 0 42 47 139 – – 228
Total 65 60 328 124 198 543 – 1 318
Derivative liabilities
Currency 233 213 90 178 3 – – 717
Interest rate – – – 9 247 155 – 411
Equity – 7 11 40 – – – 58
Other – – – – 0 – – 0
Total 233 220 101 227 250 155 – 1 186
Current and Non-Current Assets and Liabilities
The table below shows the expected recovery or settlement of assets and liabilities. Assets are classified
as current if they are expected to be realised within twelve months after the balance sheet date. Liabilities
are classified as current if they are due to be settled within twelve months after the balance sheet date.
All other assets and liabilities are classified as non-current.
Swiss Life – Annual Report 2012