Notes to the Consolidated Financial Statements Notes to the Consolidated Financial Statements are still considered as uncertain, they are assessed and treated based IFRIC 23. Detailed information concerning income taxes is given (6) Financial assets and liabilities in notes (11) and (33). Financial assets and liabilities listed according to the measurement categories identified under IFRS 9 Financial Instruments and IFRS (3.6) Other critical accounting estimates and judgments 16 Leases. Recognition and measurement and the corresponding balance sheet items are as follows: In the ordinary course of business, the company is or may be involved in lawsuits, claims, investigations and proceedings, including in CHF million 22002200 2019 product liability, commercial, environmental, health and safety matters, etc. The company is currently not aware of any such matter that either individually or in the aggregate could likely have a material adverse effect on the company’s future financial position or results of Financial assets operations. Financial assets at fair value through profit or loss Held for trading 23.8 27.3 (4) New standards, amendments and interpretations not yet adopted by the Group Mandatorily measured at fair value through profit or loss 18.5 16.6 Certain new accounting standards and interpretations have been published that are not mandatory for December 31, 2020 reporting Derivative financial instruments periods and have not been early adopted by the Group. These standards are not expected to have a material impact on the Group in Used for hedging 6.1 6.9 the current or future reporting periods and on foreseeable future transactions. Held for trading at fair value through profit or loss 4.2 8.8 (5) Business combinations and transactions with non-controlling interests Financial assets measured at amortized cost Trade and other receivables 2,035.2 2,050.5 (5.1) Business combinations Cash and cash equivalents 1,332.9 1,113.8 During 2020 the Group was not involved in any business combinations. Total financial assets 33,,442200..77 33,,222233..99 With regards to prior-year business combinations, the Hilti Group has acquired the remaining 50% of the joint operation Hilti Seuffer Electronics GmbH. This transaction had no material impact on the Group financial statements. Financial liabilities Derivative financial instruments (5.2) Transactions with non-controlling interests Used for hedging 2.6 1.7 In 2020 the Group has established the manufacturing entity Handan HWC Manufacturing Ltd. in China. As the Group has an 80% Held for trading at fair value through profit or loss 4.1 1.3 ownership interest, the remaining 20% of the minority shareholder’s interests resulted in a change in non-controlling interests of CHF 1.1 million in the Group consolidated statement of changes in equity. Financial liabilities measured at amortized costs Trade and other payables 486.2 507.9 During 2019 there were no transactions with non-controlling interests. Bonds 449.8 299.9 Bank borrowings 186.2 280.0 Lease liabilities 444.2 448.6 Total financial liabilities 11,,557733..11 11,,553399..44 The maximum exposure to credit risk at the end of the reporting period is the carrying amount of each class of financial assets mentioned above. 2020 Financial Report | 36 2020 Financial Report | 37