27 Provisions

 

Litigation and court proceedings

Dismantling provisions

Provisions for onerous contracts

Severance pay

Other provisions

Total

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying value at 1 January 2016

1,132

2,428

9,164

3,053

6,941

22,718

Additions

959

-

5,531

406

368

7,264

Utilisations

–314

-

-

–177

–4,607

–5,098

Reversals

-

-

–4,846

-

–562

–5,408

Interest

-

28

732

-

-

760

Disposals from changes in consolidation

–63

-

-

-

-

–63

Effect of currency translation

–17

–16

-

–30

–10

–73

Carrying value at 31 December 2016

1,697

2,440

10,581

3,252

2,130

20,100

 

 

 

 

 

 

 

Carrying value at 1 January 2017

1,697

2,440

10,581

3,252

2,130

20,100

Additions

-

277

-

555

474

1,306

Utilisations

–423

-

-

–414

–96

–933

Reversals

–578

-

–1,719

-

–299

–2,596

Interest

-

30

1,116

-

-

1,146

Effect of currency translation

100

179

-

299

195

773

Carrying value at 31 December 2017

796

2,926

9,978

3,692

2,404

19,796

 

 

 

 

 

 

 

Non-current Provisions

 

 

 

 

 

 

Carrying value at 31 December 2016

1,697

2,440

10,581

3,252

2,110

20,080

Carrying value at 31 December 2017

796

2,926

9,978

3,692

2,145

19,537

 

 

 

 

 

 

 

Current provisions

 

 

 

 

 

 

Carrying value at 31 December 2016

-

-

-

-

20

20

Carrying value at 31 December 2017

-

-

-

-

259

259

Provisions for onerous contracts

Provisions were recognised for onerous energy procurement contracts. The reversal in the amount of TCHF 1,719 (previous year: TCHF 4,846) was recognised under energy procurement in the Market Switzerland segment. The provision was calculated on the basis of a risk-adjusted interest rate of 11.15 per cent (prior year: 10.37 per cent).

Severance pay

When an employment relationship is terminated in Italy, the employee is entitled to severance pay corresponding to around one month’s pay for each year of employment (see Note 35).

Dismantling provisions

The dismantling provisions category comprises various provisions for the dismantling of operating installations. Taken individually they are immaterial.