9 Categories of financial instruments

The following table shows the carrying amount of all financial instruments per category. For details on the market values of the bonds, see note 13.

CHF million	2016	2015

Financial instruments (assets)

Cash and cash equivalents (excluding fixed-term deposits)	511	507

Fixed-term deposits	60	42
Other financial assets 1	8	11
Trade accounts receivable	666	640
Other accounts receivable 2	23	24
Accrued income	21	19
Loans and receivables stated at amortized cost	778	736

Marketable securities	3	4
Funds	1	1
Financial assets recognized in income statement at market value	4	5

Derivative financial instruments for hedging purposes	4	5

Financial instruments (liabilities)

Other financial liabilities	241	271
Trade accounts payable	470	420
Bonds	523	499
Other current/non-current liabilities 3	77	90
Accrued liabilities and deferred income 4	218	198
Liabilities stated at amortized cost	1’529	1’478

Derivative financial instruments	23	36

1 Relates to loans to third parties, security deposits, and long-term-invested securities for the settlement of pension liabilities. For more details, see note 10.

2 The balance sheet item “Other accounts receivable” includes tax credits. For more details, see note 6.

3 The balance sheet item “Other current/non-current liabilities” includes derivative financial instruments. For more details, see note 15.

4 For more details, see note 16.

The carrying amount of the securities and listed non-controlling interests recognized at their fair value is determined on the basis of the share prices at the balance sheet date. The market value of the foreign exchange contracts on the balance sheet is determined by the replacement value at the balance sheet date.