28 Provisions
|
CHF thousand |
Dismantling provisions |
Provisions for onerous contracts |
Severance pay |
Other provisions |
Total |
|
|
|
|
|
|
|
|
Carrying value at 1 January 2023 |
6,322 |
4,126 |
4,647 |
4,081 |
19,176 |
|
Additions |
5,287 |
- |
577 |
464 |
6,328 |
|
Utilisations |
–85 |
–188 |
–169 |
–1,054 |
–1,496 |
|
Reversals |
–1,127 |
–1,018 |
- |
–1 |
–2,146 |
|
Interest |
188 |
673 |
- |
- |
861 |
|
Effect of currency translation |
–433 |
–190 |
–296 |
–154 |
–1,073 |
|
Carrying value at 31 December 2023 |
10,152 |
3,403 |
4,759 |
3,336 |
21,650 |
|
|
|
|
|
|
|
|
Carrying value at 1 January 2024 |
10,152 |
3,403 |
4,759 |
3,336 |
21,650 |
|
Additions |
282 |
7,880 |
688 |
99 |
8,949 |
|
Additions from changes in consolidation |
- |
- |
427 |
140 |
567 |
|
Utilisations |
–279 |
- |
–248 |
–1,084 |
–1,611 |
|
Reversals |
–340 |
–1,399 |
- |
–1 |
–1,740 |
|
Interest |
215 |
682 |
- |
- |
897 |
|
Effect of currency translation |
115 |
50 |
74 |
43 |
282 |
|
Carrying value at 31 December 2024 |
10,145 |
10,616 |
5,700 |
2,533 |
28,994 |
|
|
|
|
|
|
|
|
Non-current provisions |
|
|
|
|
|
|
Carrying value at 31 December 2023 |
9,117 |
2,935 |
4,759 |
3,336 |
20,147 |
|
Carrying value at 31 December 2024 |
9,189 |
4,642 |
5,700 |
2,533 |
22,064 |
|
|
|
|
|
|
|
|
Current provisions |
|
|
|
|
|
|
Carrying value at 31 December 2023 |
1,035 |
468 |
- |
- |
1,503 |
|
Carrying value at 31 December 2024 |
956 |
5,974 |
- |
- |
6,930 |
Provisions for onerous contracts
In 2024, provisions of CHF 7,880 thousand were recognised for the first time in the Market Switzerland segment (see Note 10).
Repowerʼs contractual obligation to make Silvaplana power plant operational again entails costs of CHF 4,000 thousand which are not covered by future ash flows and have been recognised as a provision.
Provisions of CHF 1,500 thousand were recognised for onerous contracts. While Repower is focusing its e-mobility activities on DC charging solutions for heavy vehicles, existing contracts outside this field of business must still be honoured.
Provisions of CHF 2,380 thousand were also recognised. This provision is the result of onerous contracts connected with the delivery of power by Repower to the municipalities in Misox and the Calanca Valley and a discount of 5 cents/kWh to support the purchase of electricity for 2025 and 2026.
The reversal of the provision for onerous contracts comes to CHF 1,399 thousand (prior year CHF 1,206 thousand) and relates to contracts for certificates of origin and transport capacity (see Note 6).
On the balance sheet date the provisions for onerous contracts come to a total of CHF 10,616 thousand (prior year CHF 3,403 thousand). Of this, CHF 2,736 thousand (prior year CHF 2,935 thousand) falls to transport capacity in the Market Italy segment and CHF 0 thousand to certificates of origin in the Market Switzerland segment (prior year CHF 468 thousand). The newly recognised provisions of CHF 7,880 described above are recognised in the Market Switzerland segment.
Severance pay
When an employment relationship is terminated in Italy, the employee is entitled to severance pay corresponding to almost one month’s pay for each year of employment (see Note 34).
Dismantling provisions
The dismantling provisions category contains various provisions for the dismantling of operating installations. The recognition of the provision the previous year contains costs of CHF 3,000 thousand for the dismantling of a power plant that had already been taken out of service, recognised as third-party services in the Market Switzerland segment.