25 Other current and accrued liabilities and other non-current liabilities
Other current and accrued liabilities
|
millions of CHF |
|
2023 |
|
2022 |
|
|
Outstanding dividend payments |
|
10.9 |
|
5.5 |
|
|
Taxes (VAT, withholding tax) |
|
1.9 |
|
1.6 |
|
|
Derivative financial instruments |
|
0.7 |
|
0.4 |
|
|
Current payables from purchase of a subsidiary |
|
4.4 |
|
– |
|
|
Other current liabilities |
|
2.4 |
|
1.4 |
|
|
Total other current liabilities as of December 31 |
|
20.2 |
|
8.9 |
|
|
|
|
|
|
|
|
|
Contract-related costs |
|
1.1 |
|
0.6 |
|
|
Salaries, wages and bonuses |
|
8.5 |
|
9.6 |
|
|
Vacation and overtime claims |
|
2.5 |
|
3.0 |
|
|
Accrued interest expenses |
|
3.7 |
|
– |
|
|
Accrued expenses and deferred income |
|
15.1 |
|
23.0 |
|
|
Total accrued liabilities as of December 31 |
|
31.0 |
|
36.3 |
|
|
|
|
|
|
|
|
|
Total other current and accrued liabilities as of December 31 |
|
51.2 |
|
45.2 |
|
The unpaid dividends amounted to CHF 10.9 million (2022: CHF 5.5 million). For more details, reference is made to note 21. Further details regarding derivative financial instruments are disclosed in note 26.
The group recognized current payables from the acquisition of Qiaoyi based on a fixed-price forward in the amount of CHF 4.4 million. For more details, reference is made to note 4.
Other non-current liabilities
|
millions of CHF |
|
2023 |
|
2022 |
|
Put option liability |
|
9.8 |
|
– |
|
Liability from sale of investments in subsidiaries |
|
11.4 |
|
– |
|
Non-current financial derivative liabilities |
|
2.2 |
|
– |
|
Total other non-current liabilities as of December 31 |
|
23.4 |
|
– |
In 2023, the group recognized a put option liability for the Qiaoyi acquisition based on the discounted put exercise price in equity in the amount of CHF 10.0 million, which is accreted over the contract period in equity (December 31, 2023: CHF 9.8 million, put option liability). For more details, reference is made to note 4.
In 2023, the group sold non-controlling interests in investments in subsidiaries without loss of control. The group has a call option to purchase until March 31, 2026, and the buyers have a put option to sell any time between March 31, 2025, and March 31, 2026, all non-controlling interests. Since the call and put option represent fixed price options, the group recognized an economic interest of 100% and recorded 0% for the non-controlling interests. The group recognized a liability based on the discounted put exercise price in equity in the amount of CHF 2.0 million and in other non-current liabilities in the amount of CHF 11.4 million.
Further details regarding derivative financial instruments are disclosed in note 26.