Annual Report 2021

Annual Report 2021

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26 Research and development cost

 

 

2021

 

2020

 

 

MCHF

 

MCHF

Research and development expenses

 

77.9

 

75.0

Capitalised development expenses

 

-0.8

 

-4.2

Amortisation of capitalised development expenses

 

6.2

 

5.2

Research and development cost

 

83.3

 

76.0

In 2021, research and development expenses totalling MCHF 77.9 (PY: MCHF 75.0) were included in the items “Personnel expenses”, “Depreciation” and “Other operating expenses, net”. This represents 2.3% of net sales (PY: 2.5%). For one major development project, the capitalisation criteria according to IAS 38.57 were met and expenses of MCHF 0.8 (PY: MCHF 4.2) were capitalised.