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.