25 Provisions
in CHF thousands | Provisions for legal and litigation risks | Provisions for other business risks and restructuring | Total 2024 | Total 2023 |
As at 1 January | 3’302 | 12’143 | 15’445 | 13’785 |
Provisions applied | – 2’789 | – 3’362 | – 6’151 | – 3’918 |
Increase in provisions recognised in the income statement | 88 | 5’251 | 5’339 | 6’108 |
Decrease in provisions recognised in the income statement | – 178 | – 1’988 | – 2’166 | – 343 |
Currency effects | 105 | 49 | 154 | – 187 |
As at 31 December | 528 | 12’093 | 12’622 | 15’445 |
in CHF thousands | 31.12.2024 | 31.12.2023 | +/- % |
Short-term provisions | 3’350 | 9’011 | – 62.8 |
Long-term provisions | 9’272 | 6’434 | 44.1 |
Total | 12’622 | 15’445 | – 18.3 |
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
The LLB Group was able to reach settlements with various parties in legal cases. As a result, it utilised specific provisions for legal and litigation risks amounting to CHF 2.8 million in the 2024 business year.
There were no contingent liabilities in connection with legal and litigation risks.
Provisions for other risks and restructuring measures
In the 2024 business year specific provisions for other business risks amounting to CHF 3.4 million were applied for this purpose. The provisions were utilised principally in connection with the business location strategy for Switzerland and for real estate business. In addition, new provisions were allocated in connection with a turnover tax matter and for restructuring measures.