9 Financial Assets Available for Sale

In CHF million   30.06.0831.12.0730.06.0831.12.0730.06.0831.12.07
 
 
 
  Cost/
amortised
cost
Cost/
amortised
cost
Net
unrealised
gains/losses
Net
unrealised
gains/losses
Fair value
(carrying
amount)
Fair value
(carrying
amount)
Debt securities   59 11457 326–4 370–2 57654 74454 750
Money market instruments and loans   61216121
Equity securities   3 7096 123–174933 5356 216
Investment fund units – debt   136157–13135160
Investment fund units – equity   1 5811 418–261211 3201 439
Investment fund units – mixed   2832342016303250
Private equity   14493620150113
Hedge funds   4 8315 3101913285 0225 638
Other   21021
Total financial assets available for sale   69 86170 683–4 589–2 09565 27268 588


Based on detailed assessments with regard to indications of impairment, impairment losses totalling CHF 847 million were recognised in the period under review (HY 2007: CHF 3 million). The impairment losses in the first half of 2008 primarily related to equity securities and hedge funds (HY 2007: primarily equity securities).

No held-to-maturity securities were transferred to the available-for-sale category and no available-for-sale securities were transferred to the held-to-maturity category in the period under review.

 
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