Annual Report 2021

Annual Report 2021

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9 Property, plant and equipment

The following statement of changes in assets includes the Group’s own as well as leased property, plant and equipment:

 

 

Total

 

Land and buildings

 

Machinery and equipment

 

Office equipment

 

Assets under constr./advance payments

 

 

MCHF

 

MCHF

 

MCHF

 

MCHF

 

MCHF

2021

 

 

 

 

 

 

 

 

 

 

Cost at beginning of year

 

2,444.0

 

760.0

 

1,487.0

 

75.2

 

121.8

Additions

 

185.0

 

25.8

 

59.1

 

10.7

 

89.4

Disposals

 

-97.5

 

-14.0

 

-73.0

 

-10.5

 

 

Transfers

 

0.0

 

13.6

 

88.0

 

-12.1

 

-89.5

Translation differences

 

-73.4

 

-19.5

 

-46.9

 

-3.8

 

-3.2

Cost at end of year

 

2,458.1

 

765.9

 

1,514.2

 

59.5

 

118.5

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation at beginning of year

 

1,510.2

 

375.9

 

1,090.1

 

44.2

 

0.0

Depreciation

 

133.9

 

32.8

 

91.6

 

9.5

 

 

Disposals

 

-95.7

 

-13.8

 

-71.5

 

-10.4

 

 

Transfers

 

0.0

 

0.6

 

7.7

 

-8.3

 

 

Translation differences

 

-46.2

 

-9.6

 

-35.4

 

-1.2

 

 

Accumulated depreciation at end of year

 

1,502.2

 

385.9

 

1,082.5

 

33.8

 

0.0

 

 

 

 

 

 

 

 

 

 

 

Carrying amounts at end of year

 

955.9

 

380.0

 

431.7

 

25.7

 

118.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

Cost at beginning of year

 

2,380.5

 

748.6

 

1,442.8

 

68.0

 

121.1

Additions

 

158.9

 

21.3

 

52.6

 

9.5

 

75.5

Disposals

 

-63.4

 

-6.9

 

-49.3

 

-7.2

 

 

Transfers

 

0.0

 

9.8

 

57.6

 

6.5

 

-73.9

Translation differences

 

-32.0

 

-12.8

 

-16.7

 

-1.6

 

-0.9

Cost at end of year

 

2,444.0

 

760.0

 

1,487.0

 

75.2

 

121.8

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation at beginning of year

 

1,460.5

 

355.3

 

1,062.4

 

42.8

 

0.0

Depreciation

 

126.6

 

31.4

 

85.7

 

9.5

 

 

Disposals

 

-61.9

 

-6.9

 

-47.9

 

-7.1

 

 

Translation differences

 

-15.0

 

-3.9

 

-10.1

 

-1.0

 

 

Accumulated depreciation at end of year

 

1,510.2

 

375.9

 

1,090.1

 

44.2

 

0.0

 

 

 

 

 

 

 

 

 

 

 

Carrying amounts at end of year

 

933.8

 

384.1

 

396.9

 

31.0

 

121.8

As at 31 December 2021, there were no qualified assets for which borrowing costs were capitalised during the construction phase. As at 31 December 2021, the Group had entered into firm commitments for capital expenditures of MCHF 16.8 (PY: MCHF 13.4).

The following table breaks down the carrying amount of property, plant and equipment by items that are owned by the Group and items that are leased:

 

 

2021

 

2020

 

 

MCHF

 

MCHF

Property, plant and equipment owned

 

893.0

 

874.1

Right-of-use of property, plant and equipment

 

62.9

 

59.7

Carrying amounts at end of year

 

955.9

 

933.8

Right-of-use of property, plant and equipment

 

 

Total

 

Land and buildings

 

Machinery and equipment

 

Office equipment

 

 

MCHF

 

MCHF

 

MCHF

 

MCHF

2021

 

 

 

 

 

 

 

 

Carrying amounts at beginning of year

 

59.7

 

52.9

 

6.4

 

0.4

Additions

 

22.9

 

17.5

 

4.5

 

0.9

Depreciation

 

-17.8

 

-13.7

 

-3.9

 

-0.2

Translation differences

 

-1.9

 

-1.6

 

-0.2

 

-0.1

Carrying amounts at end of year

 

62.9

 

55.1

 

6.8

 

1.0

 

 

Total

 

Land and buildings

 

Machinery and equipment

 

Office equipment

 

 

MCHF

 

MCHF

 

MCHF

 

MCHF

2020

 

 

 

 

 

 

 

 

Carrying amounts at beginning of year

 

68.2

 

61.3

 

6.9

 

0.0

Additions

 

18.2

 

14.0

 

3.7

 

0.5

Depreciation

 

-17.9

 

-13.9

 

-3.9

 

-0.1

Transfers

 

-6.9

 

-6.9

 

 

 

 

Translation differences

 

-1.9

 

-1.6

 

-0.3

 

 

Carrying amounts at end of year

 

59.7

 

52.9

 

6.4

 

0.4