16Leases

Lease assets

 

 

2021

millions of CHF

 

Land and buildings, leased

 

Machinery and technical equipment, leased

 

Other non-current assets, leased

 

Total

Balance as of January 1

 

99.7

 

8.2

 

13.4

 

121.2

Acquired through business combination

 

3.7

 

0.1

 

0.6

 

4.4

Derecognized as discontinued operations

 

–45.1

 

–5.3

 

–1.2

 

–51.6

Additions

 

52.6

 

5.4

 

7.7

 

65.7

Disposals

 

–1.0

 

–0.0

 

–1.5

 

–2.5

Depreciation

 

–27.0

 

–2.6

 

–6.9

 

–36.5

Impairments

 

–2.4

 

 

 

–2.4

Remeasurements and contract modifications

 

–8.9

 

 

–0.1

 

–9.0

Currency translation differences

 

–0.0

 

0.1

 

–0.2

 

–0.1

Total lease assets as of December 31

 

71.7

 

5.7

 

11.7

 

89.2

 

 

2020

millions of CHF

 

Land and buildings, leased

 

Machinery and technical equipment, leased

 

Other non-current assets, leased

 

Total

Balance as of January 1

 

92.6

 

5.8

 

14.1

 

112.6

Acquired through business combination

 

2.1

 

0.0

 

0.3

 

2.4

Additions

 

39.5

 

5.0

 

8.0

 

52.5

Disposals

 

–1.3

 

–0.4

 

–1.3

 

–3.0

Depreciation

 

–25.8

 

–2.1

 

–8.0

 

–35.8

Impairments

 

–3.3

 

 

 

–3.3

Remeasurements and contract modifications

 

–0.2

 

 

1.1

 

0.9

Currency translation differences

 

–4.0

 

–0.3

 

–0.8

 

–5.1

Total lease assets as of December 31

 

99.7

 

8.2

 

13.4

 

121.2

Lease liabilities

 

 

2021

millions of CHF

 

Non-current lease liabilities

 

Current lease liabilities

 

Total

Balance as of January 1

 

90.2

 

29.5

 

119.7

Acquired through business combination

 

3.2

 

1.2

 

4.4

Derecognized as discontinued operations

 

–43.5

 

–7.6

 

–51.1

Additions

 

55.8

 

9.9

 

65.7

Interest expenses

 

1.6

 

0.5

 

2.1

Cash flow for repayments – principal portion

 

–9.3

 

–31.8

 

–41.1

Cash flow for repayments – interest portion

 

–1.6

 

–0.5

 

–2.1

Remeasurements and contract modifications

 

–5.8

 

–2.6

 

–8.4

Reclassifications

 

–25.7

 

25.7

 

Currency translation differences

 

–0.4

 

–0.0

 

–0.4

Total lease liabilities as of December 31

 

64.5

 

24.3

 

88.8

 

 

2020

millions of CHF

 

Non-current lease liabilities

 

Current lease liabilities

 

Total

Balance as of January 1

 

82.3

 

27.4

 

109.7

Acquired through business combination

 

1.6

 

0.9

 

2.4

Additions

 

45.9

 

6.6

 

52.5

Interest expenses

 

2.1

 

0.7

 

2.8

Cash flow for repayments – principal portion

 

–9.8

 

–29.4

 

–39.2

Cash flow for repayments – interest portion

 

–2.1

 

–0.7

 

–2.8

Remeasurements and contract modifications

 

–5.3

 

4.5

 

–0.8

Reclassifications

 

–20.6

 

20.6

 

Currency translation differences

 

–3.7

 

–1.2

 

–4.9

Total lease liabilities as of December 31

 

90.2

 

29.5

 

119.7

Other leasing disclosures

 

 

 

 

 

millions of CHF

 

2021

 

2020 1)

Recognized in the income statement

 

 

 

 

Expenses relating to short-term leases

 

–15.2

 

–17.5

Expenses relating to low-value asset leases, excluding short-term leases of low-value assets

 

–1.5

 

–1.9

Expenses relating to variable lease payments not included in the lease liability

 

–2.6

 

–2.4

Income from subleasing right-of-use assets

 

0.8

 

0.5

Interest expenses on lease liabilities

 

–2.1

 

–2.3

Total recognized in the income statement continuing operations

 

–20.6

 

–23.6

Recognized in the income statement discontinued operations

 

–2.4

 

–0.5

Total recognized in the income statement

 

–23.0

 

–24.1

 

 

 

 

 

Recognized in the statement of cash flows

 

 

 

 

Cash flow for short-term, low-value and variable leases (included within cash flow from operating activities)

 

–19.3

 

–21.9

Cash flow from subleasing right-of-use assets (included within cash flow from operating activities)

 

0.8

 

0.5

Cash flow for repayments of interest on lease liabilities (included within cash flow from operating activities)

 

–2.1

 

–2.8

Cash flow for repayments of the principal portion on lease liabilities (included within cash flow from financing activities)

 

–41.1

 

–39.2

Total cash outflow

 

–61.7

 

–63.3

1) Comparative information has been re-presented due to discontinued operations (details are described in note 7).