16Leases
Lease assets
|
|
|
2023 |
||||||
|
millions of CHF |
|
Land and buildings, leased |
|
Machinery and technical equipment, leased |
|
Other non-current assets, leased |
|
Total |
|
Balance as of January 1 |
|
73.0 |
|
4.5 |
|
12.6 |
|
90.1 |
|
Additions |
|
24.4 |
|
3.8 |
|
9.3 |
|
37.5 |
|
Depreciation |
|
–19.1 |
|
–2.1 |
|
–6.3 |
|
–27.5 |
|
Impairments |
|
–0.4 |
|
– |
|
– |
|
–0.4 |
|
Remeasurements and contract modifications |
|
0.5 |
|
–0.1 |
|
–1.3 |
|
–0.8 |
|
Currency translation differences |
|
–4.3 |
|
–0.4 |
|
–0.9 |
|
–5.6 |
|
Total lease assets as of December 31 |
|
74.1 |
|
5.7 |
|
13.4 |
|
93.2 |
|
|
|
2022 |
||||||
|
millions of CHF |
|
Land and buildings, leased |
|
Machinery and technical equipment, leased |
|
Other non-current assets, leased |
|
Total |
|
Balance as of January 1 |
|
71.7 |
|
5.7 |
|
11.7 |
|
89.2 |
|
Classification as held for sale 1) |
|
–0.7 |
|
– |
|
–0.0 |
|
–0.7 |
|
Additions |
|
33.6 |
|
1.4 |
|
8.4 |
|
43.3 |
|
Disposals |
|
–5.8 |
|
–0.1 |
|
–0.6 |
|
–6.5 |
|
Depreciation |
|
–20.2 |
|
–2.5 |
|
–6.3 |
|
–29.0 |
|
Impairments |
|
–1.6 |
|
– |
|
–0.0 |
|
–1.7 |
|
Remeasurements and contract modifications |
|
–0.5 |
|
– |
|
0.1 |
|
–0.4 |
|
Currency translation differences |
|
–3.4 |
|
–0.0 |
|
–0.7 |
|
–4.1 |
|
Total lease assets as of December 31 |
|
73.0 |
|
4.5 |
|
12.6 |
|
90.1 |
1) In 2022, lease assets with a book value of CHF 0.7 million were included in the Russian disposal group classified as held for sale and fully impaired, reference is made to Note 5. The impairments of CHF 0.7m are recorded in other operating expenses (see note 11).
Lease liabilities
|
|
|
2023 |
|
2022 |
|
Balance as of January 1 |
|
89.6 |
|
88.8 |
|
Classification as held for sale |
|
– |
|
–0.5 |
|
Additions |
|
37.5 |
|
43.3 |
|
Interest expenses |
|
2.5 |
|
2.0 |
|
Cash flow for repayments – principal portion |
|
–28.3 |
|
–32.1 |
|
Cash flow for repayments – interest portion |
|
–2.5 |
|
–2.0 |
|
Remeasurements and contract modifications |
|
–0.4 |
|
–6.0 |
|
Currency translation differences |
|
–5.4 |
|
–4.0 |
|
Total lease liabilities as of December 31 |
|
93.0 |
|
89.6 |
|
- thereof non-current lease liabilities |
|
69.0 |
|
67.2 |
|
- thereof current lease liabilities |
|
23.9 |
|
22.4 |
The group leases land and buildings used for production, storage or office space. The terms are typically fixed for a period of three to five years. Various lease contracts for buildings contain extension options, providing the group with operational flexibility and planning security. Extension options are included in the measurement of the lease liability and the lease assets only if Management assesses these extension options as reasonably certain to be exercised.
Other leasing disclosures
|
millions of CHF |
|
2023 |
|
2022 |
|
Recognized in the income statement |
|
|
|
|
|
Expenses relating to short-term leases |
|
–15.8 |
|
–13.8 |
|
Expenses relating to low-value asset leases, excluding short-term leases of low-value assets |
|
–1.5 |
|
–1.0 |
|
Expenses relating to variable lease payments not included in the lease liability |
|
–2.7 |
|
–2.7 |
|
Income from subleasing right-of-use assets |
|
0.3 |
|
0.5 |
|
Interest expenses on lease liabilities |
|
–2.5 |
|
–2.0 |
|
Total recognized in the income statement |
|
–22.3 |
|
–19.0 |
|
|
|
|
|
|
|
Recognized in the statement of cash flows |
|
|
|
|
|
Cash flow for short-term, low-value asset and variable leases (included within cash flow from operating activities) |
|
–20.1 |
|
–17.6 |
|
Cash flow from subleasing right-of-use assets (included within cash flow from operating activities) |
|
0.3 |
|
0.5 |
|
Cash flow for repayments of interest on lease liabilities (included within cash flow from operating activities) |
|
–2.5 |
|
–2.0 |
|
Cash flow for repayments of the principal portion on lease liabilities (included within cash flow from financing activities) |
|
–28.3 |
|
–32.1 |
|
Total cash outflow |
|
–50.5 |
|
–51.1 |