12 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 |
– 100 |
– 2'889 |
– 3'918 |
|
Increase in provisions recognised in the income statement |
88 |
293 |
381 |
6'108 |
|
Decrease in provisions recognised in the income statement |
– 161 |
– 2'176 |
– 2'337 |
– 343 |
|
Currency effects |
106 |
105 |
212 |
– 187 |
|
As at 30 June 2024 / 31 December 2023 |
547 |
10'265 |
10'811 |
15'445 |
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 2.8 million for the designated purpose in the first half of 2024.
There were no contingent liabilities in connection with legal and litigation risks.
Provisions for other business risks and restructuring
In the first half of 2024, provisions for other business risks and restructuring measures that were no longer required amounting to net CHF 1.9 million were released. The provisions related in particular to expenses in the previous years in connection with fee and commission business.