18. Deferred tax assets and liabilities
|
|
2025 |
|
Movements 2025 |
|
2024 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Total |
|
Charged (-)/ |
|
Through equity |
|
Through OCI1 |
|
Translation differences |
|
Total |
||||
|
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
||||
Deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss carryforwards |
|
4.8 |
|
-1.2 |
|
|
|
|
|
-0.3 |
|
6.3 |
||||
Accrued pension obligations |
|
9.6 |
|
-1.1 |
|
|
|
-3.6 |
|
-0.2 |
|
14.5 |
||||
Property, plant and equipment |
|
6.6 |
|
-0.8 |
|
|
|
|
|
-0.1 |
|
7.5 |
||||
Short/long-term lease liabilities |
|
8.6 |
|
-0.1 |
|
|
|
|
|
-0.2 |
|
8.9 |
||||
Other short/long-term liabilities |
|
15.3 |
|
-0.3 |
|
|
|
|
|
-0.2 |
|
15.8 |
||||
Intangible assets |
|
46.3 |
|
-14.4 |
|
|
|
|
|
|
|
60.7 |
||||
Other |
|
28.6 |
|
-2.7 |
|
-1.4 |
|
|
|
-0.4 |
|
33.1 |
||||
Total deferred tax assets, gross |
|
119.8 |
|
-20.6 |
|
-1.4 |
|
-3.6 |
|
-1.4 |
|
146.8 |
||||
Offsetting |
|
-41.1 |
|
|
|
|
|
|
|
|
|
-40.7 |
||||
Total deferred tax assets, net |
|
78.7 |
|
|
|
|
|
|
|
|
|
106.1 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Inventories |
|
-3.3 |
|
-0.3 |
|
|
|
|
|
0.2 |
|
-3.2 |
||||
Property, plant and equipment |
|
-17.8 |
|
1.0 |
|
|
|
|
|
0.1 |
|
-18.9 |
||||
Right-of-use assets |
|
-8.5 |
|
0.3 |
|
|
|
|
|
0.2 |
|
-9.0 |
||||
Intangible assets |
|
-26.3 |
|
0.3 |
|
|
|
|
|
-0.4 |
|
-26.2 |
||||
Assets from defined benefit plans |
|
-11.7 |
|
0.3 |
|
|
|
-9.2 |
|
|
|
-2.8 |
||||
Other |
|
-28.9 |
|
-2.2 |
|
|
|
|
|
|
|
-26.7 |
||||
Total deferred tax liabilities, gross |
|
-96.5 |
|
-0.6 |
|
0.0 |
|
-9.2 |
|
0.1 |
|
-86.8 |
||||
Offsetting |
|
41.1 |
|
|
|
|
|
|
|
|
|
40.7 |
||||
Total deferred tax liabilities, net |
|
-55.4 |
|
|
|
|
|
|
|
|
|
-46.1 |
||||
|
||||||||||||||||
|
|
2024 |
|
Movements 2024 |
|
2023 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Total |
|
Charged (-)/ |
|
Through equity |
|
Through OCI1 |
|
Translation differences |
|
Total |
||||
|
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
||||
Deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss carryforwards |
|
6.3 |
|
-1.2 |
|
|
|
|
|
0.1 |
|
7.4 |
||||
Accrued pension obligations |
|
14.5 |
|
-0.3 |
|
|
|
0.3 |
|
0.1 |
|
14.4 |
||||
Property, plant and equipment |
|
7.5 |
|
1.2 |
|
|
|
|
|
0.1 |
|
6.2 |
||||
Short/long-term lease liabilities |
|
8.9 |
|
-0.3 |
|
|
|
|
|
0.1 |
|
9.1 |
||||
Other short/long-term liabilities |
|
15.8 |
|
0.6 |
|
|
|
|
|
|
|
15.2 |
||||
Intangible assets |
|
60.7 |
|
-2.7 |
|
|
|
|
|
0.1 |
|
63.3 |
||||
Other |
|
33.1 |
|
-10.8 |
|
-1.4 |
|
|
|
0.3 |
|
45.0 |
||||
Total deferred tax assets, gross |
|
146.8 |
|
-13.5 |
|
-1.4 |
|
0.3 |
|
0.8 |
|
160.6 |
||||
Offsetting |
|
-40.7 |
|
|
|
|
|
|
|
|
|
-39.1 |
||||
Total deferred tax assets, net |
|
106.1 |
|
|
|
|
|
|
|
|
|
121.5 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Inventories |
|
-3.2 |
|
1.7 |
|
|
|
|
|
-0.1 |
|
-4.8 |
||||
Property, plant and equipment |
|
-18.9 |
|
0.3 |
|
|
|
|
|
-0.1 |
|
-19.1 |
||||
Right-of-use assets |
|
-9.0 |
|
0.4 |
|
|
|
|
|
-0.1 |
|
-9.3 |
||||
Intangible assets |
|
-26.2 |
|
1.7 |
|
|
|
|
|
0.1 |
|
-28.0 |
||||
Assets from defined benefit plans |
|
-2.8 |
|
0.3 |
|
|
|
5.6 |
|
|
|
-8.7 |
||||
Other |
|
-26.7 |
|
-2.4 |
|
|
|
|
|
|
|
-24.3 |
||||
Total deferred tax liabilities, gross |
|
-86.8 |
|
2.0 |
|
0.0 |
|
5.6 |
|
-0.2 |
|
-94.2 |
||||
Offsetting |
|
40.7 |
|
|
|
|
|
|
|
|
|
39.1 |
||||
Total deferred tax liabilities, net |
|
-46.1 |
|
|
|
|
|
|
|
|
|
-55.1 |
||||
|
||||||||||||||||
Deferred tax liabilities are recognised for non-refundable withholding taxes or other taxes on retained profits in subsidiaries where a profit transfer is planned. As of 31 December 2025, deferred tax liabilities of MCHF 0.6 for the American and Chinese subsidiaries (PY: MCHF 1.2) 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:
|
|
2025 |
|
Unrecognised |
|
Recognised |
|
2024 |
|
Unrecognised |
|
Recognised |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
|
MCHF |
Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
1 year |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
2 years |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.4 |
|
0.0 |
|
0.4 |
3 years |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.6 |
|
0.0 |
|
0.6 |
4 years |
|
0.5 |
|
0.0 |
|
0.5 |
|
0.7 |
|
0.0 |
|
0.7 |
5 years |
|
3.2 |
|
1.0 |
|
2.2 |
|
0.4 |
|
0.0 |
|
0.4 |
6 years |
|
0.9 |
|
0.0 |
|
0.9 |
|
2.7 |
|
0.0 |
|
2.7 |
> 6 years |
|
115.1 |
|
99.6 |
|
15.5 |
|
118.4 |
|
96.9 |
|
21.5 |
Total loss carryforwards |
|
119.7 |
|
100.6 |
|
19.1 |
|
123.2 |
|
96.9 |
|
26.3 |