25 Provisions
|
in CHF thousands |
Provisions for legal and litigation risks |
Provisions for other business risks and restructuring |
Total 2021 |
Total 2020 |
|
As at 1 January |
2'757 |
8'441 |
11'199 |
14'907 |
|
Provisions applied |
– 34 |
– 3'877 |
– 3'911 |
– 4'158 |
|
Increase in provisions recognised in the income statement |
952 |
4'473 |
5'425 |
4'654 |
|
Decrease in provisions recognised in the income statement |
0 |
– 467 |
– 467 |
– 4'145 |
|
Changes due to foreign exchange differences |
– 17 |
– 12 |
– 29 |
– 59 |
|
As at 31 December |
3'658 |
8'558 |
12'217 |
11'199 |
|
in CHF thousands |
31.12.2021 |
31.12.2020 |
+ / – % |
|
Short-term provisions |
751 |
1'736 |
– 56.8 |
|
Long-term provisions |
11'466 |
9'462 |
21.2 |
|
Total |
12'217 |
11'199 |
9.1 |
Estimates and assumptions are made to assess the amount of provisions required. However, such estimates and assumptions can mean that substantial uncertainties could exist in relation to the occurrence of the events for which provisions were allocated.
Provisions for other risks and restructuring measures
In the 2021 business year, the LLB Group allocated provisions for restructuring measures totalling net CHF 3.0 million, and CHF 1.8 million were utilised for this purpose. At 31.12.2021, the total amount of these provisions stood at CHF 4.5 million.
The provisions for a service agreement for the use of Tambas banking software, which is no longer used, were utilised fully for this purpose in the 2021 business year (effect in 2021: CHF 1.9 million).
There were no contingent liabilities in connection with legal and litigation risks.