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LLB Annual Report 2022 de

25 Provisions

in CHF thousands

Provisions for legal and litigation risks

Provisions for other business risks and restructuring

Total 2022

Total 2021

As at 1 January

3'658

8'558

12'217

11'199

Provisions applied

– 2'042

– 963

– 3'005

– 3'911

Increase in provisions recognised in the income statement

5'184

517

5'701

5'425

Decrease in provisions recognised in the income statement

– 681

– 352

– 1'033

– 467

Changes due to foreign exchange differences

– 72

– 21

– 93

– 29

As at 31 December

6'047

7'738

13'785

12'217

in CHF thousands

31.12.2022

31.12.2021

+ / – %

Short-term provisions

6'677

751

789.5

Long-term provisions

7'109

11'466

– 38.0

Total

13'785

12'217

12.8

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 legal and litigation risks

In the 2022 business year, the LLB Group utilised provisions for legal and litigation risks totalling CHF 2.0 million and released CHF 0.7 milllion for the purpose of settling two legal disputes. As a result of two new legal cases in Liechtenstein and Austria, the LLB Group allocated new provisions for legal and litigation risks totalling CHF 5.2 million.

Provisions for other risks and restructuring measures

In the 2022 business year, the LLB Group utilised provisions amounting to CHF 0.5 million and released a net CHF 0.3 million for the purpose of restructuring measures. At 31 December 2022, the total amount of these provisions stood at CHF 3.7 million.

There were no contingent liabilities in connection with legal and litigation risks.