Menu

Downloads

Leave

Provisions

in CHF 000   Long service
awards
  Personnel
provisions/
Restructuring
  Restoration
costs + inherit-
ed pollution
  Litigation risk,
other
  Total
As of 1 January 2019   10 419   2 280   600   2 082   15 381
Additions of consolidated companies          
Disposals of consolidated companies   (97)         (97)
Increase   986   1 948   68   1 059   4 061
Reversal   (4)   (410)     (689)   (1 103)
Used during the financial year   (259)   (2 650)     (533)   (3 442)
Currency effects         (45)   (45)
As of 31 December 2019   11 045   1 168   668   1 873   14 754
Due within 1 year   1 085   1 168     702   2 955
Due between 1 and 5 years   9 960     668   1 171   11 799
                     
As of 1 January 2020   11 045   1 168   668   1 873   14 754
Additions of consolidated companies          
Disposals of consolidated companies   (121)   (64)       (185)
Increase   1 867   2 306   (68)   795   4 900
Reversal   (14)   (156)     (687)   (858)
Used during the financial year   (1 106)   (1 299)     (557)   (2 962)
Currency effects         (8)   (8)
As of 31 December 2020   11 671   1 954   600   1 416   15 641
Due within 1 year   1 148   1 954     49   3 151
Due between 1 and 5 years   10 522     600   1 367   12 490

The provision for long-service awards is determined on the basis of actuarial principles. The personnel provisions consist mainly of costs that are still expected in conjunction with agreed restructuring measures. They primarily therefore cover provisions for various social plans. Provisions for restoration costs and inherited pollution include the estimated costs of restoring rented properties to their original state once they have been vacated, and guarantees for the removal of inherited pollution from properties sold. The due dates for restoration costs of rented premises are governed by the terms of the relevant agreements. The provisions for litigation risks relate to current cases. Other provisions include several different items, which, if considered individually, are not material in nature. The outflow of non-current provisions is expected within the next five years. The amount set aside for provisions and the point in time at which such will result in a cash outflow are based on best possible estimates and may deviate from actual circumstances in the future.

Current and non-current provisions amounted to CHF 15.6 million, an increase of CHF 0.9 million year-on-year. No material change in provisions needs to be recorded for long-service awards or restoration costs. The restructuring of central services is designed to reduce costs over a period of three years in order to achieve savings of approximately CHF 20.0 million. Plans here include reducing the cost of materials and shedding approximately 40 jobs. Provisions in the amount of CHF 2.3 million were recorded for the social plan in connection with the latter measure. The use of existing personnel-related provisions is attributable among other things to the utilisation of the provisions set aside the previous year in connection with the social plans for Le Matin and Friday. The provisions for litigation risks and the other provisions declined to CHF 1.4 million as a result among other things of the settlement of various legal cases. The reversal of provisions no longer required was reflected in the income statement under other income.