2.3 Property, plant, and equipment/Intangible assets
Property, plant, and equipment
|
CHF million, except where indicated |
|
Land and buildings |
|
Plant, machinery, and equipment |
|
Furniture and fixtures |
|
Pre- payments |
|
Total property, plant, and equipment |
|
30 June 2022, net |
|
215.8 |
|
122.3 |
|
49.4 |
|
22.4 |
|
409.9 |
|
30 June 2021, net |
|
232.3 |
|
125.4 |
|
53.6 |
|
24.6 |
|
435.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost 30 June 2022 |
|
324.2 |
|
358.9 |
|
181.8 |
|
22.4 |
|
887.3 |
|
Additions |
|
3.3 |
|
11.1 |
|
14.8 |
|
23.5 |
|
52.7 |
|
Disposals |
|
–1.0 |
|
–4.9 |
|
–5.0 |
|
–0.2 |
|
–11.1 |
|
Reclassifications |
|
5.8 |
|
17.3 |
|
0.9 |
|
–24.4 |
|
–0.4 |
|
Acquisition of businesses |
|
0.6 |
|
3.2 |
|
4.2 |
|
0.2 |
|
8.2 |
|
Divestment of businesses |
|
–21.8 |
|
–20.3 |
|
–12.5 |
|
–0.4 |
|
–55.0 |
|
Translation exchange differences |
|
–6.6 |
|
–9.2 |
|
–8.3 |
|
–0.9 |
|
–25.0 |
|
30 June 2021 |
|
343.9 |
|
361.7 |
|
187.7 |
|
24.6 |
|
917.9 |
|
Additions |
|
4.2 |
|
8.7 |
|
12.2 |
|
21.5 |
|
46.6 |
|
Disposals |
|
–11.6 |
|
–8.6 |
|
–7.6 |
|
–0.1 |
|
–27.9 |
|
Reclassifications |
|
0.7 |
|
13.2 |
|
3.5 |
|
–17.6 |
|
–0.2 |
|
Acquisition of businesses |
|
0.1 |
|
0.1 |
|
0.3 |
|
0.0 |
|
0.5 |
|
Divestment of businesses |
|
0.0 |
|
–0.2 |
|
–0.1 |
|
0.0 |
|
–0.3 |
|
Translation exchange differences |
|
2.4 |
|
3.4 |
|
3.4 |
|
0.2 |
|
9.4 |
|
1 July 2020 |
|
348.1 |
|
345.1 |
|
176.0 |
|
20.6 |
|
889.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated useful life (in years) |
|
20-50 1) |
|
4-15 |
|
3-15 |
|
|
|
|
|
Accumulated depreciation 30 June 2022 |
|
108.4 |
|
236.6 |
|
132.4 |
|
0.0 |
|
477.4 |
|
Additions |
|
9.1 |
|
25.4 |
|
20.6 |
|
0.1 |
|
55.2 |
|
Disposals |
|
–1.0 |
|
–4.6 |
|
–4.4 |
|
–0.1 |
|
–10.1 |
|
Reclassifications |
|
0.7 |
|
0.5 |
|
–1.4 |
|
0.0 |
|
–0.2 |
|
Divestment of businesses |
|
–10.6 |
|
–14.6 |
|
–10.5 |
|
0.0 |
|
–35.7 |
|
Translation exchange differences |
|
–1.4 |
|
–6.4 |
|
–6.0 |
|
0.0 |
|
–13.8 |
|
30 June 2021 |
|
111.6 |
|
236.3 |
|
134.1 |
|
0.0 |
|
482.0 |
|
Additions |
|
9.6 |
|
24.6 |
|
21.0 |
|
0.0 |
|
55.2 |
|
Disposals |
|
–11.8 |
|
–8.0 |
|
–6.1 |
|
0.0 |
|
–25.9 |
|
Reclassifications |
|
0.1 |
|
0.1 |
|
–0.3 |
|
0.0 |
|
–0.1 |
|
Divestment of businesses |
|
0.0 |
|
–0.2 |
|
–0.1 |
|
0.0 |
|
–0.3 |
|
Translation exchange differences |
|
0.4 |
|
2.4 |
|
2.3 |
|
0.0 |
|
5.1 |
|
1 July 2020 |
|
113.3 |
|
217.4 |
|
117.3 |
|
0.0 |
|
448.0 |
1) Land is not depreciated.
Accounting principles
Property, plant, and equipment are recorded at cost less accumulated depreciation using the straight-line method. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred.
Items of minor value are charged directly to the income statement. All gains and losses on the disposal of property, plant, and equipment are recognized in the income statement.
Intangible assets
|
CHF million, except where indicated |
|
Software |
|
Develop- ment |
|
Other |
|
Intangible assets |
|
30 June 2022, net |
|
49.0 |
|
31.6 |
|
7.3 |
|
87.9 |
|
30 June 2021, net |
|
52.1 |
|
24.2 |
|
14.5 |
|
90.8 |
|
|
|
|
|
|
|
|
|
|
|
Cost 30 June 2022 |
|
94.2 |
|
54.7 |
|
41.1 |
|
190.0 |
|
Additions |
|
12.7 |
|
10.1 |
|
3.0 |
|
25.8 |
|
Disposals |
|
–2.9 |
|
–0.5 |
|
–2.3 |
|
–5.7 |
|
Reclassifications |
|
4.0 |
|
1.8 |
|
–5.4 |
|
0.4 |
|
Acquisition of businesses |
|
0.2 |
|
0.0 |
|
0.1 |
|
0.3 |
|
Divestment of businesses |
|
–2.1 |
|
0.0 |
|
–0.3 |
|
–2.4 |
|
Translation exchange differences |
|
–5.3 |
|
–0.7 |
|
–2.7 |
|
–8.7 |
|
30 June 2021 |
|
87.6 |
|
44.0 |
|
48.7 |
|
180.3 |
|
Additions |
|
15.6 |
|
8.4 |
|
5.5 |
|
29.5 |
|
Disposals |
|
–14.0 |
|
–0.6 |
|
–3.9 |
|
–18.5 |
|
Reclassifications |
|
85.1 |
|
1.4 |
|
–86.3 |
|
0.2 |
|
Translation exchange differences |
|
0.9 |
|
0.8 |
|
1.4 |
|
3.1 |
|
1 July 2020 |
|
0.0 |
|
34.0 |
|
132.0 |
|
166.0 |
|
|
|
|
|
|
|
|
|
|
|
Accumulated depreciation 30 June 2022 |
|
45.2 |
|
23.1 |
|
33.8 |
|
102.1 |
|
Additions |
|
15.3 |
|
3.8 |
|
5.3 |
|
24.4 |
|
Disposals |
|
–2.7 |
|
–0.5 |
|
–2.4 |
|
–5.6 |
|
Reclassifications |
|
0.6 |
|
0.3 |
|
–0.7 |
|
0.2 |
|
Divestment of businesses |
|
–1.4 |
|
0.0 |
|
–0.3 |
|
–1.7 |
|
Translation exchange differences |
|
–2.1 |
|
–0.3 |
|
–2.3 |
|
–4.7 |
|
30 June 2021 |
|
35.5 |
|
19.8 |
|
34.2 |
|
89.5 |
|
Additions |
|
9.7 |
|
6.0 |
|
7.9 |
|
23.6 |
|
Disposals |
|
–13.8 |
|
–0.5 |
|
–3.8 |
|
–18.1 |
|
Reclassifications |
|
39.2 |
|
1.0 |
|
–40.1 |
|
0.1 |
|
Translation exchange differences |
|
0.4 |
|
0.3 |
|
0.9 |
|
1.6 |
|
1 July 2020 |
|
0.0 |
|
13.0 |
|
69.3 |
|
82.3 |
Accounting principles
Intangible assets that embody future economic benefits (such as acquired licenses, patents, and similar rights) and eligible development costs are capitalized at cost and are amortized using the straight-line method over a period of 2–5 years.
Development costs are recognized as an asset when specific recognition criteria are met and the amount recognized is assessed to be recoverable through future economic benefits.
Other intangible assets consist mainly of licenses, patents and advance payments.
Use of accounting estimates
Property, plant, and equipment as well as intangible assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. To determine whether impairment exists, estimates are made of the expected future cash flows arising from the use of the asset. Actual cost may differ from the discounted future cash flows based on these estimates.