Business Report 2023

10. Provisions

 

 

 

 

 

 

 

 

CHF 1000

As of 01.01.2022

Recog­nised

Used

Released

Re­classi­fication and currency trans­lation dif­ferences

As of 31.12.2022

thereof current

Repairs to exhibition parking spaces

800

–

–

–

–

800

–

Renovation fund Theater 11

2 372

201

–221

–

–

2 352

–

Restructuring

–

–

–

–

–

–

–

Deferred income tax provision

1 083

179

–

–

–

1 262

–

Potential reimbursement claims

5 340

25

–

–3 242

–

2 123

–

Share-based payments

–

456

–

–

–4

452

225

Contractual risks

1 173

250

–164

–

182

1 441

250

Other provisions

1 375

1 094

–260

–428

–152

1 629

1 482

Total provisions

12 143

2 205

–645

–3 670

26

10 059

1 957

 

 

 

 

 

 

 

 

CHF 1000

As of 01.01.2023

Recog­nised

Used

Released

Re­classi­fication and currency trans­lation dif­ferences

As of 31.12.2023

thereof current

Repairs to exhibition parking spaces

800

4 200

–

–

–

5 000

5 000

Renovation fund Theater 11 1)

2 352

37

–2 389

–

–

0

–

Deferred income tax provision

1 262

813

–60

–

–

2 015

–

Potential reimbursement claims

2 123

–

–189

–

–

1 934

–

Share-based payments

452

593

–217

–462

–17

349

107

Contractual risks

1 441

7

–

–250

–107

1 091

1 091

Other provisions

1 629

288

–1 102

–

–46

769

643

Total provisions

10 059

5 938

–3 957

–712

–170

11 158

6 841

1) See Note 6 on the sale of Theatre 11

Mehr Weniger

Due to the termination of a tenancy, contractually owed dismantling measures are due, including the disposal of materials brought in. The amount of the provision was increased to CHF 5.0 million in the reporting year (previous year: CHF 0.8 million) and is now recognised as current.

Mehr Weniger

The provision for the Theatre 11 renovation fund was supplemented annually by CHF 0.2 million plus indexed inflation. This fund is used to finance renovation work on Theatre 11. With the sale of Theatre 11 in the reporting year, funds from the renewal fund were transferred to the new owner. Further details on the transaction can be found in the notes under 6.

Mehr Weniger

Deferred taxes totalling CHF 0.8 million (previous year: none) were recognised for temporary differences between the tax accounts of the individual company and the accounts in accordance with Swiss GAAP FER from the reversal of impairment losses on the exhibition hall in Zurich.

Mehr Weniger

The reclaims relate to provisions for tax risks totalling CHF 1.5 million (previous year: CHF 1.5 million) and warranty guarantees from the Experience Marketing division's project business amounting to CHF 0.4 million (previous year: CHF 0.6 million). In the reporting year, warranty guarantees amounting to CHF 0.2 million were released (previous year: CHF 0.9 million).

Mehr Weniger

In the reporting period, provisions totalling CHF 0.3 million were used for pending legal proceedings in Switzerland and Germany that were recognised in the previous year.

Mehr Weniger