Annual Report 2023

Annual Report 2023

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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

2023

 

 

 

 

 

 

 

 

 

 

Cost at beginning of year

 

2,455.9

 

748.2

 

1,530.5

 

58.4

 

118.8

Changes in scope of consolidation

 

-0.6

 

-0.3

 

-0.3

 

 

 

 

Additions

 

201.8

 

10.2

 

52.0

 

6.4

 

133.2

Disposals

 

-59.9

 

-6.7

 

-47.8

 

-5.4

 

 

Transfers

 

0.0

 

4.6

 

49.7

 

1.1

 

-55.4

Translation differences

 

-95.1

 

-26.7

 

-57.1

 

-3.8

 

-7.5

Cost at end of year

 

2,502.1

 

729.3

 

1,527.0

 

56.7

 

189.1

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation at beginning of year

 

1,507.6

 

391.3

 

1,081.6

 

34.7

 

0.0

Changes in scope of consolidation

 

-0.6

 

-0.3

 

-0.3

 

 

 

 

Depreciation

 

127.9

 

29.6

 

89.1

 

9.2

 

 

Impairment loss

 

4.8

 

 

 

4.8

 

 

 

 

Disposals

 

-58.6

 

-5.7

 

-47.5

 

-5.4

 

 

Translation differences

 

-55.2

 

-12.9

 

-39.6

 

-2.7

 

 

Accumulated depreciation at end of year

 

1,525.9

 

402.0

 

1,088.1

 

35.8

 

0.0

 

 

 

 

 

 

 

 

 

 

 

Carrying amounts at end of year

 

976.2

 

327.3

 

438.9

 

20.9

 

189.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Cost at beginning of year

 

2,458.1

 

765.9

 

1,514.2

 

59.5

 

118.5

Additions

 

168.5

 

19.8

 

57.3

 

7.5

 

83.9

Disposals

 

-59.5

 

-12.9

 

-41.1

 

-5.5

 

 

Transfers

 

0.0

 

8.3

 

68.5

 

1.2

 

-78.0

Translation differences

 

-111.2

 

-32.9

 

-68.4

 

-4.3

 

-5.6

Cost at end of year

 

2,455.9

 

748.2

 

1,530.5

 

58.4

 

118.8

 

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation at beginning of year

 

1,502.2

 

385.9

 

1,082.5

 

33.8

 

0.0

Depreciation

 

128.2

 

29.8

 

88.8

 

9.6

 

 

Disposals

 

-57.2

 

-10.6

 

-41.1

 

-5.5

 

 

Transfers

 

0.0

 

 

 

 

 

 

 

 

Translation differences

 

-65.6

 

-13.8

 

-48.6

 

-3.2

 

 

Accumulated depreciation at end of year

 

1,507.6

 

391.3

 

1,081.6

 

34.7

 

0.0

 

 

 

 

 

 

 

 

 

 

 

Carrying amounts at end of year

 

948.3

 

356.9

 

448.9

 

23.7

 

118.8

As at 31 December 2023, there were no qualifying assets for which borrowing costs were capitalised during the construction phase. As at 31 December 2023, the Group had entered into firm commitments for capital expenditures of MCHF 36.4 (PY: MCHF 56.4).

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:  

 

 

2023

 

2022

 

 

MCHF

 

MCHF

Property, plant and equipment owned

 

924.4

 

887.4

Right-of-use of property, plant and equipment

 

51.8

 

60.9

Carrying amounts at end of year

 

976.2

 

948.3

Right-of-use of property, plant and equipment

 

 

Total

 

Land and buildings

 

Machinery and equipment

 

Office equipment

 

 

MCHF

 

MCHF

 

MCHF

 

MCHF

2023

 

 

 

 

 

 

 

 

Carrying amounts at beginning of year

 

60.9

 

53.8

 

6.4

 

0.7

Additions

 

11.1

 

6.9

 

4.2

 

 

Depreciation

 

-16.4

 

-12.3

 

-3.8

 

-0.3

Translation differences

 

-3.8

 

-3.2

 

-0.6

 

 

Carrying amounts at end of year

 

51.8

 

45.2

 

6.2

 

0.4

 

 

Total

 

Land and buildings

 

Machinery and equipment

 

Office equipment

 

 

MCHF

 

MCHF

 

MCHF

 

MCHF

2022

 

 

 

 

 

 

 

 

Carrying amounts at beginning of year

 

62.9

 

55.1

 

6.8

 

1.0

Additions

 

18.3

 

14.4

 

3.8

 

0.1

Depreciation

 

-16.0

 

-12.0

 

-3.6

 

-0.4

Translation differences

 

-4.3

 

-3.7

 

-0.6

 

0.0

Carrying amounts at end of year

 

60.9

 

53.8

 

6.4

 

0.7