27 Provisions

 

Litigation and court proceedings

Dismantling provisions

Provisions for onerous contracts

Severance pay

Other provisions

Total

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Carrying value at 1 January 2018

796

2,926

9,978

3,692

2,404

19,796

Additions

231

-

-

588

391

1,210

Additions from changes in consolidation

11

1,665

-

-

-

1,676

Utilisations

-

-

-

–275

–92

–367

Reversals

-

-

–5,954

–217

–951

–7,122

Interest

-

39

1,178

-

-

1,217

Effect of currency translation

–35

–98

-

–139

–73

–345

Carrying value at 31 December 2018

1,003

4,532

5,202

3,649

1,679

16,065

 

 

 

 

 

 

 

Non-current Provisions

 

 

 

 

 

 

Carrying value at 31 December 2017

796

2,926

9,978

3,692

2,145

19,537

Carrying value at 31 December 2018

1,003

4,532

5,202

3,649

1,647

16,033

 

 

 

 

 

 

 

Current provisions

 

 

 

 

 

 

Carrying value at 31 December 2017

-

-

-

-

259

259

Carrying value at 31 December 2018

-

-

-

-

32

32

PROVISIONS FOR ONEROUS CONTRACTS

Provisions had been recognised for onerous energy procurement contracts in prior years. The reversal in the amount of CHF 5,954 thousand (prior year: CHF 1,719 thousand), the result of high prices, was recognised under energy procurement in the Market Switzerland segment. The provision was calculated on the basis of a risk-adjusted interest rate of 7.41 per cent (prior year: 11.15 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 34).

DISMANTLING PROVISIONS

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