12. Financial assets and liabilities recognized and measured at fair value

The following tables present the Group’s financial instruments that are recognized and measured at fair value as of September 30, 2016 and as of December 31, 2015.

No changes in the valuation techniques of the items below have occurred since the last annual financial statements.

Million CHF

 

 

 

30.9.2016 (unaudited)

Fair value level 1

Fair value level 2

Total

Financial assets

 

 

 

Available-for-sale financial assets

 

 

 

– Financial investments third parties

3

69

72

– Others

0

0

0

Derivatives held for hedging

 

40

40

Derivatives held for trading

 

3

3

 

 

 

 

Financial liabilities

 

 

 

Derivatives held for hedging

 

55

55

Derivatives held for trading

 

28

28

Million CHF

 

 

 

31.12.2015 (audited)

Fair value level 1

Fair value level 2

Total

Financial assets

 

 

 

Available-for-sale financial assets

 

 

 

– Financial investments third parties

3

114

117

– Others

1

0

1

Derivatives held for hedging

 

52

52

Derivatives held for trading

 

80

80

 

 

 

 

Financial liabilities

 

 

 

Derivatives held for hedging

 

83

83

Derivatives held for trading

 

26

26

The decrease in the position “Financial investments third parties” at fair value level 2 is mainly related to the disposal of LafargeHolcim’s non-core financial investment of 23.33 percent in the Turkish building materials group Baticim to Sanko Holding for CHF 31 million on April 22, 2016.