28Provisions
|
CHF thousand |
Dismantling provisions |
Provisions for onerous contracts |
Severance pay |
Other provisions |
Total |
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
Carrying value at 1 January 2025 |
10,145 |
10,616 |
5,700 |
2,533 |
28,994 |
|
Additions |
2,691 |
3,287 |
720 |
2,002 |
8,700 |
|
Additions from changes in consolidation |
- |
- |
11 |
- |
11 |
|
Utilisations |
–875 |
–5,238 |
–283 |
–577 |
–6,973 |
|
Reversals |
–338 |
–3,119 |
- |
–238 |
–3,695 |
|
Interest |
191 |
807 |
- |
- |
998 |
|
Effect of currency translation |
–77 |
–40 |
–63 |
–26 |
–206 |
|
Carrying value at 31 December 2025 |
11,737 |
6,313 |
6,085 |
3,694 |
27,829 |
|
|
|
|
|
|
|
|
Non-current provisions |
|
|
|
|
|
|
Carrying value at 31 December 2024 |
9,189 |
4,642 |
5,700 |
2,533 |
22,064 |
|
Carrying value at 31 December 2025 |
9,856 |
4,736 |
6,085 |
3,694 |
24,371 |
|
|
|
|
|
|
|
|
Current provisions |
|
|
|
|
|
|
Carrying value at 31 December 2024 |
956 |
5,974 |
- |
- |
6,930 |
|
Carrying value at 31 December 2025 |
1,881 |
1,577 |
- |
- |
3,458 |
Provisions for onerous contracts
Provisions for onerous contracts came to CHF 6,313 thousand on the balance sheet date (prior year CHF 10,616 thousand). Of this amount, CHF 4,736 thousand (prior year CHF 2,736 thousand) relates to onerous contracts for transport capacity in the Market Italy segment and CHF 1,577 thousand (prior year CHF 2,380 thousand) to temporary support services in connection with electricity procurement by municipalities in the Market Switzerland segment.
In the Market Switzerland segment, the provision of CHF 4,000 thousand recognised the previous year for the contractual obligation to restore Silvaplana power plant to operational readiness was used in full in the 2025 financial year.
Also in the Market Switzerland segment, the provision for onerous e-mobility legacy contracts in the amount of CHF 1,500 thousand was fully utilised and reversed in the reporting year.
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.
In 2025, CHF 2,600 thousand was recognised in the Market Switzerland segment for the expected costs of dismantling a pressure line. The estimate is based on the assessment of a probable cash outflow as a result of the project being abandoned.
Other provisions
During the financial year, various minor provisions amounting to CHF 1,252 thousand were recognised in the Market Italy segment. In addition, a provision of CHF 750 thousand was recognised in other segments and activities for environmental contamination in connection with the sale of the former Repower industrial site in Ilanz.