18. Deferred tax assets and liabilities
|
|
2023 |
|
Movements 2023 |
|
2022 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Total |
|
Charged (‑)/ |
|
Through equity |
|
Through OCI 1 |
|
Translation differences |
|
Total |
||||
|
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
||||
Deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss carryforwards |
|
7.4 |
|
-1.2 |
|
0.0 |
|
0.0 |
|
-2.0 |
|
10.6 |
||||
Accrued pension obligations |
|
14.4 |
|
-0.7 |
|
0.0 |
|
1.0 |
|
-0.1 |
|
14.2 |
||||
Property, plant and equipment |
|
6.2 |
|
-1.0 |
|
0.0 |
|
0.0 |
|
-0.3 |
|
7.5 |
||||
Short/long-term lease liabilities |
|
9.1 |
|
-0.7 |
|
0.0 |
|
0.0 |
|
-0.8 |
|
10.6 |
||||
Other short/long-term liabilities (excl. lease liabilities) |
|
15.2 |
|
1.9 |
|
0.0 |
|
0.0 |
|
-0.6 |
|
13.9 |
||||
Intangible assets |
|
63.3 |
|
-28.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
91.3 |
||||
Other |
|
45.0 |
|
13.2 |
|
4.8 |
|
0.0 |
|
-0.6 |
|
27.6 |
||||
Total deferred tax assets, gross |
|
160.6 |
|
-16.5 |
|
4.8 |
|
1.0 |
|
-4.4 |
|
175.7 |
||||
Offsetting |
|
-39.1 |
|
|
|
|
|
|
|
|
|
-26.2 |
||||
Total deferred tax assets, net |
|
121.5 |
|
|
|
|
|
|
|
|
|
149.5 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Inventories |
|
-4.8 |
|
-0.2 |
|
0.0 |
|
0.0 |
|
0.2 |
|
-4.8 |
||||
Property, plant and equipment (excl. right-of-use assets) |
|
-19.1 |
|
-0.6 |
|
0.0 |
|
0.0 |
|
0.3 |
|
-18.8 |
||||
Right-of-use assets |
|
-9.3 |
|
0.7 |
|
0.0 |
|
0.0 |
|
0.8 |
|
-10.8 |
||||
Intangible assets |
|
-28.0 |
|
-4.8 |
|
0.0 |
|
0.0 |
|
0.4 |
|
-23.6 |
||||
Assets from defined benefit plans |
|
-8.7 |
|
-1.0 |
|
0.0 |
|
-6.1 |
|
0.0 |
|
-1.6 |
||||
Other |
|
-24.3 |
|
-15.3 |
|
0.0 |
|
0.0 |
|
0.0 |
|
-9.0 |
||||
Total deferred tax liabilities, gross |
|
-94.2 |
|
-21.2 |
|
0.0 |
|
-6.1 |
|
1.7 |
|
-68.6 |
||||
Offsetting |
|
39.1 |
|
|
|
|
|
|
|
|
|
26.2 |
||||
Total deferred tax liabilities, net |
|
-55.1 |
|
|
|
|
|
|
|
|
|
-42.4 |
||||
|
||||||||||||||||
|
|
2022 |
|
Movements 2022 |
|
2021 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Total |
|
Charged (‑)/ |
|
Through equity |
|
Through OCI 1 |
|
Translation differences |
|
Total |
||||
|
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
||||
Deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss carryforwards |
|
10.6 |
|
-3.2 |
|
0.0 |
|
0.0 |
|
-1.7 |
|
15.5 |
||||
Accrued pension obligations |
|
14.2 |
|
-1.0 |
|
0.0 |
|
-15.5 |
|
-0.6 |
|
31.3 |
||||
Property, plant and equipment |
|
7.5 |
|
0.2 |
|
0.0 |
|
0.0 |
|
-0.4 |
|
7.7 |
||||
Short/long-term lease liabilities |
|
10.6 |
|
1.1 |
|
0.0 |
|
0.0 |
|
-0.7 |
|
10.2 |
||||
Other short/long-term liabilities (excl. lease liabilities) |
|
13.9 |
|
0.3 |
|
0.0 |
|
0.0 |
|
-0.1 |
|
13.7 |
||||
Intangible assets |
|
91.3 |
|
83.3 |
|
0.0 |
|
0.0 |
|
0.0 |
|
8.0 |
||||
Other |
|
27.6 |
|
10.1 |
|
-16.7 |
|
0.0 |
|
-1.3 |
|
35.5 |
||||
Total deferred tax assets, gross |
|
175.7 |
|
90.8 |
|
-16.7 |
|
-15.5 |
|
-4.8 |
|
121.9 |
||||
Offsetting |
|
-26.2 |
|
|
|
|
|
|
|
|
|
-33.2 |
||||
Total deferred tax assets, net |
|
149.5 |
|
|
|
|
|
|
|
|
|
88.7 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Inventories |
|
-4.8 |
|
-0.4 |
|
0.0 |
|
0.0 |
|
0.0 |
|
-4.4 |
||||
Property, plant and equipment (excl. right-of-use assets) |
|
-18.8 |
|
0.2 |
|
0.0 |
|
0.0 |
|
0.6 |
|
-19.6 |
||||
Right-of-use assets |
|
-10.8 |
|
-1.0 |
|
0.0 |
|
0.0 |
|
0.8 |
|
-10.6 |
||||
Intangible assets |
|
-23.6 |
|
0.0 |
|
0.0 |
|
0.0 |
|
1.7 |
|
-25.3 |
||||
Assets from defined benefit plans |
|
-1.6 |
|
-0.1 |
|
0.0 |
|
7.7 |
|
0.1 |
|
-9.3 |
||||
Other |
|
-9.0 |
|
7.5 |
|
0.0 |
|
0.0 |
|
0.2 |
|
-16.7 |
||||
Total deferred tax liabilities, gross |
|
-68.6 |
|
6.2 |
|
0.0 |
|
7.7 |
|
3.4 |
|
-85.9 |
||||
Offsetting |
|
26.2 |
|
|
|
|
|
|
|
|
|
33.2 |
||||
Total deferred tax liabilities, net |
|
-42.4 |
|
|
|
|
|
|
|
|
|
-52.7 |
||||
|
||||||||||||||||
Deferred tax liabilities are to be formed for non-refundable withholding taxes or other taxes on retained profits in subsidiaries where a profit transfer is planned. As of 31 December 2023, there were such profits in the American subsidiary and Chinese subsidiaries. For these companies deferred tax liabilities of MCHF 1.2 (PY: MCHF 0.6) were recorded.
The Group recognises deferred tax assets from loss carryforwards if they comply with the requirements of IAS 12. The following loss carryforwards (listed by maturity) were used for the calculation of deferred tax assets:
|
|
2023 |
|
Without deferred tax asset |
|
With deferred tax asset |
|
2022 |
|
Without deferred tax asset |
|
With deferred tax asset |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
1 year |
|
4.5 |
|
0.0 |
|
4.5 |
|
4.5 |
|
0.0 |
|
4.5 |
2 years |
|
5.2 |
|
0.0 |
|
5.2 |
|
4.8 |
|
0.0 |
|
4.8 |
3 years |
|
6.8 |
|
0.0 |
|
6.8 |
|
9.4 |
|
0.0 |
|
9.4 |
4 years |
|
7.1 |
|
1.7 |
|
5.4 |
|
8.2 |
|
0.0 |
|
8.2 |
5 years |
|
5.2 |
|
5.2 |
|
0.0 |
|
5.7 |
|
0.7 |
|
5.0 |
6 years |
|
6.0 |
|
5.2 |
|
0.8 |
|
5.9 |
|
5.1 |
|
0.8 |
> 6 years |
|
93.8 |
|
84.7 |
|
9.1 |
|
109.1 |
|
97.2 |
|
11.9 |
Total loss carryforwards |
|
128.6 |
|
96.8 |
|
31.8 |
|
147.6 |
|
103.0 |
|
44.6 |