Annual Report 2021

9. Property, Plant and Equipment

CHF million

 

Land, buildings

 

Machinery

 

Other fixed assets

 

Construction in progress

 

2021
Total

Acquisition costs as at January 1, 2021

 

1,177.4

 

1,522.7

 

271.2

 

176.1

 

3,147.4

Additions

 

35.8

 

51.7

 

14.9

 

118.4

 

220.8

Retirements

 

– 34.2

 

– 20.6

 

– 12.9

 

– 0.1

 

– 67.8

Transfers

 

32.3

 

53.7

 

0.8

 

– 94.7

 

– 7.9

Currency translation

 

– 14.5

 

– 25.4

 

– 4.8

 

0.7

 

– 44.0

Acquisition costs as at December 31, 2021

 

1,196.8

 

1,582.1

 

269.2

 

200.4

 

3,248.5

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation as at January 1, 2021

 

632.6

 

972.2

 

215.4

 

 

1,820.2

Additions

 

57.4

 

88.5

 

23.2

 

 

169.1

Impairments

 

2.6

 

3.0

 

0.8

 

 

6.4

Retirements

 

– 32.1

 

– 20.2

 

– 12.5

 

 

– 64.8

Transfers

 

3.5

 

 

– 6.3

 

 

– 2.8

Currency translation

 

– 7.1

 

– 15.3

 

– 4.4

 

 

– 26.8

Accumulated depreciation as at December 31, 2021

 

656.9

 

1,028.2

 

216.2

 

 

1,901.3

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets as at December 31, 2021

 

539.9

 

553.9

 

53.0

 

200.4

 

1,347.2

CHF million

 

Land, buildings

 

Machinery

 

Other fixed assets

 

Construction in progress

 

2020
Total

Acquisition costs as at January 1, 2020

 

1,178.6

 

1,481.8

 

279.9

 

142.4

 

3,082.7

Additions

 

32.0

 

40.7

 

14.4

 

133.5

 

220.6

Acquisition of subsidiary (note 2)

 

0.5

 

0.3

 

0.3

 

 

1.1

Retirements

 

– 23.0

 

– 21.8

 

– 21.2

 

 

– 66.0

Transfers

 

25.9

 

62.4

 

5.1

 

– 93.1

 

0.3

Currency translation

 

– 36.6

 

– 40.7

 

– 7.3

 

– 6.7

 

– 91.3

Acquisition costs as at December 31, 2020

 

1,177.4

 

1,522.7

 

271.2

 

176.1

 

3,147.4

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation as at January 1, 2020

 

609.7

 

933.0

 

216.1

 

 

1,758.8

Additions

 

56.2

 

81.3

 

21.1

 

 

158.6

Impairments

 

6.9

 

3.1

 

1.9

 

 

11.9

Retirements

 

– 22.1

 

– 21.0

 

– 19.4

 

 

– 62.5

Currency translation

 

– 18.1

 

– 24.2

 

– 4.3

 

 

– 46.6

Accumulated depreciation as at December 31, 2020

 

632.6

 

972.2

 

215.4

 

 

1,820.2

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets as at December 31, 2020

 

544.8

 

550.5

 

55.8

 

176.1

 

1,327.2

Advance payments of CHF 18.3 million (CHF 20.3 million in prior year) are included in the position “construction in progress”. No mortgages exist on land and buildings.

The impairment charge of CHF 6.4 million (CHF 11.9 million in prior year) consists of write-downs of land and buildings of CHF 2.6 million (CHF 6.9 million in prior year) as well as machinery, and other fixed assets of CHF 3.8 million (CHF 5.0 million in prior year).

The position “transfers” contains balance sheet reclassifications of net CHF 3.8 million from property, plant and equipment into right-of-use assets in 2021.