Other investments
 12 Months Ended
Dec. 31, 2021
Other investments
18 Other investments
end of 2021 2020
Other investments (CHF million)   
Equity method investments 1,644 2,631
Equity securities (without a readily determinable fair value) 1 3,317 1,779
   of which at net asset value  54 113
   of which at measurement alternative  347 359
   of which at fair value  2,869 1,278
   of which at cost less impairment  47 29
Real estate held-for-investment 2 76 82
Life finance instruments 3 789 920
Total other investments  5,826 5,412
1
Includes private equity, hedge funds and restricted stock investments as well as certain investments in non-marketable mutual funds for which the Group has neither significant influence nor control over the investee.
2
As of the end of 2021 and 2020, real estate held for investment included foreclosed or repossessed real estate of CHF 9 million and CHF 16 million, respectively, of which CHF 6 million and CHF 13 million, respectively, were related to residential real estate.
3
Includes single premium immediate annuity contracts.
Accumulated depreciation related to real estate held-for-investment amounted to CHF 32 million, CHF 35 million and CHF 34 million for 2021, 2020 and 2019, respectively.
No impairments were recorded on real estate held-for-investments in 2021. An impairment of CHF 1 million was recorded on real estate held-for-investments in 2020. No impairments were recorded on real estate held-for-investments in 2019.
Equity securities at measurement alternative
in / end of 2021 Cumulative 2020
Impairments and adjustments (CHF million)   
Impairments and downward adjustments (17) (42) (17)
Upward adjustments 1 138 137
> Refer to “Note 36 – Financial instruments” for further information on such investments.
Bank  
Other investments
17 Other investments
end of 2021 2020
Other investments (CHF million)   
Equity method investments 1,636 2,624
Equity securities (without a readily determinable fair value) 1 3,315 1,776
   of which at net asset value  53 111
   of which at measurement alternative  345 357
   of which at fair value  2,869 1,278
   of which at cost less impairment  48 30
Real estate held-for-investment 2 48 59
Life finance instruments 3 789 920
Total other investments  5,788 5,379
1
Includes private equity, hedge funds and restricted stock investments as well as certain investments in non-marketable mutual funds for which the Bank has neither significant influence nor control over the investee.
2
As of the end of 2021 and 2020, real estate held for investment included foreclosed or repossessed real estate of CHF 9 million and CHF 16 million, respectively, of which CHF 6 million and CHF 13 million, respectively, were related to residential real estate.
3
Includes single premium immediate annuity contracts.
Accumulated depreciation related to real estate held-for-investment amounted to CHF 28 million, CHF 31 million and CHF 29 million for 2021, 2020 and 2019, respectively.
No impairments were recorded on real estate held-for-investments in 2021. An impairment of CHF 1 million was recorded on real estate held-for-investments in 2020. No impairments were recorded on real estate held-for-investments in 2019.
Equity securities at measurement alternative
in / end of 2021 Cumulative 2020
Impairments and adjustments (CHF million)   
Impairments and downward adjustments (17) (42) (17)
Upward adjustments 1 138 137
> Refer to “Note 36 – Financial instruments” for further information on such investments and “Note 18– Other investments” in VI – Consolidated financial statements – Credit Suisse Group for further information.