12 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 |
– 878 |
– 89 |
– 967 |
– 3'005 |
|
Increase in provisions recognised in the income statement |
0 |
3'102 |
3'102 |
5'701 |
|
Decrease in provisions recognised in the income statement |
– 3 |
– 42 |
– 44 |
– 1'033 |
|
Changes due to foreign exchange differences |
– 15 |
– 2 |
– 17 |
– 93 |
|
As at 30 June 2023 / 31 December 2022 |
5'152 |
10'707 |
15'859 |
13'785 |
Estimates and assumptions are made to assess the amount of provisions required. This is associated with significant uncertainties regarding the occurrence of the provision events as well as their amount.
Provisions for legal and litigation risks
The LLB Group was able to reach settlements with various parties in legal cases and accordingly utilised provisions for legal and litigation risks amounting to CHF 0.9 million for the designated purpose in the first half of 2023.
There were no contingent liabilities in connection with legal and litigation risks.
Provisions for other business risks and restructuring
In the first half of 2023, provisions for other business risks amounting to CHF 3.1 million were allocated. The provisions relate primarily to expenses in connection with fee and commission business as well as the business location strategy for Switzerland.