22Provisions
|
CHF thousand |
Provisions for onerous contracts |
Other risks |
Total |
|
|
|
|
|
|
Carrying value at 31 December 2022 |
689 |
3,674 |
4,363 |
|
of which current |
376 |
120 |
496 |
|
of which non-current |
313 |
3,554 |
3,867 |
|
|
|
|
|
|
Carrying value at 31 December 2023 |
468 |
7,130 |
7,598 |
|
of which current |
468 |
1,035 |
1,503 |
|
of which non-current |
- |
6,095 |
6,095 |
Procurement contract risks
The decision on whether there is an indication 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 of the provisions for onerous contracts has the effect of reducing the total costs of energy procurement by CHF 266 thousand (prior year: CHF 18,098 thousand). The provisions for onerous contracts totalling CHF 468 thousand (prior year: CHF 689 thousand) relate exclusively to procurement contracts for guarantees of origin. In the prior year, the entire provision for onerous energy contracts was written back because of increase in market prices for energy (see Note 4).
Other risks
In the year under review other risks includes a provision for unrealised foreign exchange gains amounting to CHF 3,082 thousand (previous year: CHF 2,541 thousand) and a provision of CHF 3,000 thousand (prior year: CHF 0 thousand) for the dismantling of a decommissioned power plant.