• semi-annual report 2020/21
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  • 4. DETAILED INFORMATION ON STATEMENT OF FINANCIAL POSITION ITEMS

4. DETAILED INFORMATION ON STATEMENT OF FINANCIAL POSITION ITEMS

4.1 Investment properties 

in CHF thousands

 

1st half year 2020/21

2019/20

 

 

 

 

Balance as of beginning

 

217 910

200 880

Purchases

 

0

15 613

Value-enhancing investments

 

183

1 198

Positive change in market value

 

529

2 131

Negative change in market value

 

–592

–1 912

Change in market value

 

–63

219

Balance at the end of reporting period

 

218 030

217 910

In the first half of 2020/21, the value of the investment properties increased by KCHF 120, mainly due to value-enhancing investments of KCHF 183.

This was offset by changes in market value of KCHF 63. The positive changes in market value mainly related to the property in Zurich, Hardturmstrasse. The negative changes in market value related to the properties in Baden, Egg and Zurich, Holbeinstrasse.

Weighted average lease term (WALT) decreased in the first half year from 3.8 years to 3.4 years.

The principles and assumptions applied in the valuation of the investment properties are set out in the valuation report. 

A complete list of all investment properties along with all information in accordance with the Directive on Financial Reporting of the SIX Swiss Exchange can be found in the portfolio section of this annual report. This additional information is an integral part of the notes to the consolidated semi-annual financial statements.