24 Provisions
|
CHF thousand |
Provisions for onerous contracts |
Other risks |
Total |
|
|
|
|
|
|
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 |
|
|
|
|
|
|
Carrying value at 31 December 2024 |
5,500 |
3,075 |
8,575 |
|
of which current |
4,784 |
956 |
5,740 |
|
of which non-current |
716 |
2,119 |
2,835 |
Provisions for onerous contracts
In 2024, provisions were recognised for Silvaplana power plant and PLUG’N ROLL’s AC solutions business. Repower’s contractual obligation to make Silvaplana power plant operational again entails costs of CHF 4,000 thousand which are not covered by future cash flows and have been recognised as a provision (see Note 6).
Repower is concentrating on DC charging solutions for heavy vehicles. Existing contracts outside this field of business are still being honoured. Provisions totalling CHF 1,500 were recognised for onerous contracts under other operating expenses (see Note 6).
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 provisions relating to procurement contracts for guarantees of origin were completely reversed in the financial year (previous year CHF 468 thousand).
Other risks
In the year under review, other risks include a provision of CHF 2,756 thousand (prior year CHF 3,000 thousand) for the dismantling of a decommissioned power plant and a provision of CHF 66 thousand (prior year CHF 3,082 thousand) for unrealised foreign exchange gains.