26Other current and accrued liabilities
|
millions of CHF |
|
2025 |
|
2024 |
|
Liability related to the purchase of treasury shares |
|
90.4 |
|
90.4 |
|
Outstanding dividend payments |
|
197.0 |
|
318.0 |
|
Taxes (VAT, withholding tax) |
|
41.4 |
|
41.9 |
|
Derivative financial instruments |
|
4.6 |
|
10.3 |
|
Contingent consideration |
|
1.0 |
|
– |
|
Other current liabilities |
|
48.7 |
|
57.3 |
|
Total other current liabilities as of December 31 |
|
383.0 |
|
518.0 |
|
|
|
|
|
|
|
Contract-related costs |
|
101.9 |
|
136.3 |
|
Salaries, wages and bonuses |
|
121.3 |
|
140.1 |
|
Vacation and overtime claims |
|
26.1 |
|
26.6 |
|
Other accrued liabilities |
|
160.7 |
|
154.2 |
|
Total accrued liabilities as of December 31 |
|
410.0 |
|
457.2 |
|
|
|
|
|
|
|
Total other current and accrued liabilities as December 31 |
|
793.1 |
|
975.2 |
In 2025, outstanding dividends increased by CHF 46.2 million in connection with the 2024 dividend (see note 22). In addition, Sulzer provided CHF 167.2 million to settle a loan between Tiwel Holding AG and a Russian bank. The settlement did not require any flow of funds from Switzerland or any other country to Russia. The loan, secured by Sulzer shares, fell due in July 2025. The payment was executed based on approval from all relevant national and international authorities.