Annual report 2022

24 Provisions

 

 

2022

millions of CHF

 

Other employee benefits

 

Warranties / liabilities

 

Restructuring

 

Other

 

Total

Balance as of January 1

 

4.3

 

1.8

 

0.2

 

4.5

 

10.8

Deconsolidation of medmix Poland

 

 

 

 

–0.1

 

–0.1

Additions

 

2.2

 

0.6

 

1.2

 

3.4

 

7.3

Released as no longer required

 

–0.7

 

–1.1

 

–0.0

 

–2.2

 

–4.0

Utilized

 

–0.9

 

 

–0.9

 

–2.4

 

–4.3

Currency translation differences

 

–0.1

 

–0.0

 

–0.0

 

–0.3

 

–0.4

Total provisions as of December 31

 

4.8

 

1.2

 

0.3

 

2.9

 

9.3

– thereof non-current

 

3.4

 

 

 

0.2

 

3.6

– thereof current

 

1.5

 

1.2

 

0.3

 

2.7

 

5.7

 

 

2021

millions of CHF

 

Other employee benefits

 

Warranties / liabilities

 

Restructuring

 

Other

 

Total

Balance as of January 1

 

4.0

 

1.3

 

5.8

 

8.7

 

19.9

Additions

 

1.6

 

1.2

 

0.5

 

8.2

 

11.5

Released as no longer required

 

 

–0.6

 

–0.2

 

–1.7

 

–2.5

Utilized

 

–1.3

 

–0.1

 

–6.0

 

–8.2

 

–15.6

Currency translation differences

 

–0.0

 

0.0

 

–0.0

 

–2.5

 

–2.6

Total provisions as of December 31

 

4.3

 

1.8

 

0.2

 

4.5

 

10.8

– thereof non-current

 

3.3

 

 

 

0.2

 

3.5

– thereof current

 

1.0

 

1.8

 

0.2

 

4.3

 

7.2

The category “Other employee benefits” includes provisions for jubilee gifts, early retirement of senior managers and other obligations to employees.

The category “Warranties/liabilities” includes provisions for warranties, customer claims, penalties, litigation and legal cases relating to goods delivered or services rendered.

“Other” includes provisions that do not fit into the aforementioned categories. Although the group expects a large part of the category “Other” to be realized in one year, by their nature, the amounts and timing of any cash outflows are difficult to predict.