27Provisions
|
|
|
2021 |
||||||||||
|
millions of CHF |
|
Other employee benefits |
|
Warranties / liabilities |
|
Restructuring |
|
Environmental |
|
Other |
|
Total |
|
Balance as of January 1 |
|
53.5 |
|
85.3 |
|
41.5 |
|
12.8 |
|
56.3 |
|
249.3 |
|
Acquired through business combination |
|
0.6 |
|
0.6 |
|
– |
|
– |
|
0.9 |
|
2.1 |
|
Derecognized as discontinued operations |
|
–4.0 |
|
–2.0 |
|
–0.5 |
|
– |
|
–7.2 |
|
–13.7 |
|
Additions |
|
12.2 |
|
37.1 |
|
11.7 |
|
– |
|
69.7 |
|
130.7 |
|
Released as no longer required |
|
–1.9 |
|
–6.9 |
|
–2.0 |
|
– |
|
–6.1 |
|
–16.9 |
|
Utilized |
|
–7.0 |
|
–20.7 |
|
–29.8 |
|
–1.1 |
|
–56.7 |
|
–115.2 |
|
Currency translation differences |
|
0.4 |
|
0.3 |
|
0.1 |
|
0.1 |
|
–1.4 |
|
–0.5 |
|
Total provisions as of December 31 |
|
53.9 |
|
93.8 |
|
21.0 |
|
11.8 |
|
55.4 |
|
235.8 |
|
– thereof non-current |
|
38.9 |
|
4.0 |
|
2.5 |
|
11.8 |
|
10.8 |
|
68.0 |
|
– thereof current |
|
15.0 |
|
89.7 |
|
18.5 |
|
0.0 |
|
44.6 |
|
167.8 |
|
|
|
2020 |
||||||||||
|
millions of CHF |
|
Other employee benefits |
|
Warranties / liabilities |
|
Restructuring |
|
Environmental |
|
Other |
|
Total |
|
Balance as of January 1 |
|
54.4 |
|
67.6 |
|
20.0 |
|
14.7 |
|
51.9 |
|
208.7 |
|
Acquired through business combination |
|
– |
|
0.0 |
|
– |
|
– |
|
3.5 |
|
3.5 |
|
Additions |
|
12.2 |
|
44.2 |
|
58.0 |
|
– |
|
65.6 |
|
179.9 |
|
Released as no longer required |
|
– |
|
–7.5 |
|
–2.2 |
|
–0.2 |
|
–5.6 |
|
–15.5 |
|
Utilized |
|
–10.1 |
|
–15.5 |
|
–33.0 |
|
–1.4 |
|
–54.9 |
|
–114.8 |
|
Currency translation differences |
|
–3.0 |
|
–3.6 |
|
–1.4 |
|
–0.3 |
|
–4.2 |
|
–12.5 |
|
Total provisions as of December 31 |
|
53.5 |
|
85.3 |
|
41.5 |
|
12.8 |
|
56.3 |
|
249.3 |
|
– thereof non-current |
|
37.3 |
|
3.3 |
|
2.7 |
|
12.7 |
|
9.7 |
|
65.8 |
|
– thereof current |
|
16.2 |
|
82.0 |
|
38.7 |
|
0.0 |
|
46.6 |
|
183.5 |
The category “Other employee benefitsˮ includes provisions for jubilee gifts, early retirement of senior managers and other obligations to employees.
The category “Warranties/liabilitiesˮ includes provisions for warranties, customer claims, penalties, litigation and legal cases relating to goods delivered or services rendered.
The group recognized restructuring costs for continuing operations of CHF 11.5 million and for discontinued operations of CHF 0.2 million (2020: CHF 54.8 million for continuing operations and CHF 3.2 million for discontinued operations), partly offset by released restructuring provisions of CHF 2.0 million (2020: CHF 2.2 million). Restructuring costs mainly relate to resizing activities in the USA and the United Kingdom. The remaining restructuring provision as of December 31, 2021, is CHF 21.0 million, of which CHF 18.5 million is expected to be utilized within one year.
“Environmentalˮ mainly consists of expected costs related to inherited liabilities.
“Otherˮ includes provisions that do not fit into the aforementioned categories. A large number of these provisions refer to onerous contracts and indemnities, in particular related from divestitures. In addition, provisions for ongoing asbestos lawsuits and other legal claims are included. Based on the currently known facts, the group is of the opinion that the resolution of the open cases will not have material effects on its liquidity or financial condition. Although the group expects a large part of the category “Otherˮ to be realized in 2022, by their nature, the amounts and timing of any cash outflows are difficult to predict.