20. Provisions

Index
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

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CHF million	Legal claims/cases	Business risks	Asset retirement obligations	Other	Total
Provisions as at January 1, 2022	26.7	0.3	8.9	17.7	53.6
Addition	14.4	2.9	0.6	9.4	27.3
Utilization	–3.6	–	–0.3	–10.1	–14.0
Release	–4.2	–0.3	–0.2	–4.2	–8.9
Currency translation	–0.3	–0.1	–0.6	–0.2	–1.2

Provisions as at December 31, 2022	33.0	2.8	8.4	12.6	56.8
of which current	8.4	–	0.8	6.2	15.4
of which non-current	24.6	2.8	7.6	6.4	41.4

Addition	13.4	1.8	1.5	3.0	19.7
Utilization	–2.1	–	–0.1	–5.4	–7.6
Release	–4.2	–2.6	–0.3	–3.2	–10.3
Currency translation	–1.8	–0.2	–1.0	–0.5	–3.5

Provisions as at December 31, 2023	38.3	1.8	8.5	6.5	55.1
of which current	10.2	–	0.7	1.0	11.9
of which non-current	28.1	1.8	7.8	5.5	43.2

Provisions for legal cases include unsettled claims, and legal proceedings as of December 31, 2023, which arise during the normal course of business. Provisions are recognized at balance sheet date when a present legal or constructive obligation as a result of past events exists and the expected outflow of resources can be reliably estimated. Especially for the non- current positions, the timing of outflows is uncertain as it depends upon the outcome of the proceedings. As in prior years, the additions to provisions were mainly due to new legal proceedings. In Management’s opinion, after taking appropriate legal and administrative advice, the outcome of these business risks will not give rise to any significant losses beyond the amounts provided as of December 31, 2023.

The provisions for asset retirement obligations mainly relate to potential asset retirement obligations for leases.