22Provisions
|
CHF thousand |
Provisions for onerous contracts |
Other risks |
Total |
|
|
|
|
|
|
Carrying value at 31 December 2021 |
17,288 |
3,871 |
21,159 |
|
thereof current |
6,413 |
1,527 |
7,940 |
|
thereof long-term |
10,875 |
2,344 |
13,219 |
|
|
|
|
|
|
Carrying value at 31 December 2022 |
689 |
3,674 |
4,363 |
|
thereof current |
376 |
120 |
496 |
|
thereof long-term |
313 |
3,554 |
3,867 |
Procurement contract risks
The decision on whether there is a threat of loss on a long-term sales or procurement contract and the resulting recognition of a provision essentially depends on the situation regarding the relevant contractual prices and expected procurement or sales prices.
The adjustment to the provision for onerous energy contracts has a particular impact on Repower AG’s income. The expected future prices of energy have increased. As a result, this provision was written back in full via energy procurement in the amount of CHF 16,841 thousand (prior year: CHF 2,015 thousand) after interest had been paid. At the end of the year under review, provisions for identifiable losses on procurement contracts for energy and guarantees of origin thus came to a total of CHF 689 thousand. The entire remaining provision relates to procurement contracts for guarantees of origin.
Other risks
In the year under review other risks includes a provision for unrealised foreign exchange gains amounting to CHF 2,541 thousand (previous year: CHF 3,413 thousand).