Annual Report 2022

Annual Report 2022

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23. Other operating expenses, net

 

 

2022

 

2021

 

 

MCHF

 

MCHF

Outbound freight cost and duties

 

122.6

 

123.0

Energy and maintenance expenses

 

192.6

 

142.9

Marketing expenses

 

99.3

 

110.3

Administration expenses

 

75.5

 

66.1

Other operating expenses

 

161.7

 

154.4

Other operating income

 

-19.1

 

-14.5

Total other operating expenses, net

 

632.6

 

582.2

“Other operating expenses” includes, among other items, commissions, expenses for short-term leases and leases for minor-value assets, consulting expenses as well as warranty costs. In 2022, expenses for short-term leases amounted to MCHF 3.4 (PY: MCHF 3.8) and expenses for leased minor-value assets totalled MCHF 0.9 (PY: MCHF 0.9). “Other operating income” includes, among other items, insurance benefits received, rental income, gains from sales of fixed assets and subsidiaries and catering revenues.

The increase in “Total other operating expenses, net” is due to the significant price increases for energy and transport, and the normalisation of the costs following the COVID-19 pandemic. The increase was partly compensated by currency effects.

In 2022, costs of MCHF 16.5 (PY: MCHF 16.8) were capitalised as property, plant and equipment or intangible assets. This includes tools, moulds and assembly lines that are part of the production process, as well as capitalised product development costs. The amount was deducted pro-rata from the positions “Personnel expenses”, “Energy and maintenance expenses” and “Other operating expenses, net”.