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Cash and cash equivalents and short-term financial assets

12 Months Ended

Dec. 31, 2022

Cash and cash equivalents and financial assets

Cash and cash equivalents and short-term financial assets

8.Cash and cash equivalents and short-term financial assets

The Company’s cash and cash equivalents are maintained in the following respective currencies as of December 31, 2022 and 2021:


	As of
	December 31,
In CHF thousands	2022	2021
Cash and cash equivalents	31,586	82,216
Total	31,586	82,216
By currency
CHF	24,418	64,941
EUR	1,313	2,253
USD	5,855	15,022
Total cash and cash equivalents	31,586	82,216

As of December 31, 2022 and 2021, the Company’s funds were held in CHF, EUR and USD currencies. Funds held in EUR and USD were translated into CHF at a rate of 0.994 and 0.933 and 1.045 and 0.923, respectively, for each currency and year.

The following table summarizes the Company’s short-term financial assets as of December 31, 2022 and 2021:


	As of
	December 31,
In CHF thousands	2022	2021
Short-term financial assets due in one year or less	91,000	116,000
Total short-term financial assets	91,000	116,000