25 Provisions
|
in CHF thousands |
Provisions for legal and litigation risks |
Provisions for other business risks and restructuring |
Total 2023 |
Total 2022 |
|
As at 1 January |
6'047 |
7'738 |
13'785 |
12'217 |
|
Provisions applied |
– 2'557 |
– 1'361 |
– 3'918 |
– 3'005 |
|
Increase in provisions recognised in the income statement |
59 |
6'049 |
6'108 |
5'701 |
|
Decrease in provisions recognised in the income statement |
– 76 |
– 266 |
– 343 |
– 1'033 |
|
Currency effects |
– 170 |
– 17 |
– 187 |
– 93 |
|
As at 31 December |
3'302 |
12'143 |
15'445 |
13'785 |
|
in CHF thousands |
31.12.2023 |
31.12.2022 |
+ / – % |
|
Short-term provisions |
9'011 |
6'677 |
35.0 |
|
Long-term provisions |
6'434 |
7'109 |
– 9.5 |
|
Total |
15'445 |
13'785 |
12.0 |
Estimates and assumptions are made to assess the amount of provisions required. However, this can mean that substantial uncertainties could exist in relation to the events for which provisions were allocated and their amounts.
Provisions for legal and litigation risks
In the 2023 business year, the LLB Group was able to reach a settlement in several legal cases with various parties. For this purpose, provisions for legal and litigation risks amounting to CHF 2.6 million were utilised.
There were no contingent liabilities in connection with legal and litigation risks.
Provisions for other risks and restructuring measures
In the 2023 business year, provisions for other business risks and restructuring measures totalling CHF 6.0 million were allocated. These related mainly to expenses in fee and commission business in recent years, the business location strategy in Switzerland, as well as real estate business.