Cash and cash equivalents and financial assets

12 Months Ended

Dec. 31, 2021

Cash and cash equivalents and financial assets [Abstract]

Cash and cash equivalents and financial assets

8. Cash and cash equivalents and financial assets

The Company’s cash and cash equivalents are maintained in the following respective currencies as of December 31, 2021 and 2020:

	As of December 31,
In CHF thousands	2021		2020
Cash and cash equivalents		82,216		160,893
Total		82,216		160,893
By currency
CHF		64,941		152,537
EUR		2,253		4,215
USD		15,022		4,141
Total cash and cash equivalents		82,216		160,893

At the balance sheet dates, Company funds were held in CHF, EUR and USD currencies. As of December 31, 2021 and 2020, funds in EUR and USD were translated into CHF at a rate of 1.045 and 0.923 and 1.095 and 0.891, respectively, for each currency and year.

The following table summarizes the Company’s short-term financial assets as of December 31, 2021 and 2020:

	As of December 31,
In CHF thousands	2021		2020
Short-term financial assets due in 1 year or less		116,000		65,000
Total		116,000		65,000