Annual Report 2022

Annual Report 2022

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26. Research and development cost

 

 

2022

 

2021

 

 

MCHF

 

MCHF

Research and development expenses

 

72.3

 

77.9

Capitalised development expenses

 

-2.1

 

-0.8

Amortisation of capitalised development expenses

 

4.6

 

6.2

Research and development cost

 

74.8

 

83.3

In 2022, research and development expenses totalling MCHF 72.3 (PY: MCHF 77.9) were included in the items “Personnel expenses”, “Depreciation” and “Other operating expenses, net”. This represents 2.1% of net sales (PY: 2.3%). For four major development projects, the capitalisation criteria according to IAS 38.57 were met and expenses of MCHF 2.1 (PY: MCHF 0.8) were capitalised.