This section provides details of the various commitments and contingencies as well as information about the associated companies, the acquisitions, and the legal subsidiaries including the Group companies' shareholdings.
Operating lease payments are charged to income (CHF 37.1 million in 2022/23 and CHF 38.5 million in 2021/22) on a straight-line basis over the lease term. The following table shows the future minimum lease payments resulting from non-cancellable operating leases:
|
CHF million |
|
Financial year ended 30.06.2023 |
|
Financial year ended 30.06.2022 |
|
Future payment commitments for operating leases |
|
119.9 |
|
108.2 |
|
Up to 1 year |
|
32.8 |
|
32.2 |
|
2 to 5 years |
|
65.5 |
|
60.5 |
|
Over 5 years |
|
21.6 |
|
15.5 |
Operating lease commitments mainly refer to the lease of buildings used for operational purposes.
|
CHF million |
|
Financial year ended 30.06.2023 |
|
Financial year ended 30.06.2022 |
|
Current endorsement liabilities |
|
2.1 |
|
0.3 |
|
Investments committed to purchase from third parties: |
|
|
|
|
|
Property, plant, and equipment |
|
8.8 |
|
8.0 |
|
Intangible assets |
|
2.3 |
|
0.6 |
|
CHF million |
|
Financial year ended 30.06.2023 |
|
Financial year ended 30.06.2022 (restated) 1 |
|
Investments in associates - 30 June |
|
0.9 |
|
0.3 |
|
Increase of investments in associates |
|
0.0 |
|
0.0 |
|
Share of profit (loss) |
|
0.6 |
|
0.3 |
|
Translation exchange differences |
|
0.0 |
|
0.0 |
|
Investments in associates - 1 July |
|
0.3 |
|
0.0 |
|
Result from associates |
|
0.6 |
|
0.3 |
|
Share of profit (loss) |
|
0.6 |
|
0.3 |
1 Details on the restatement are disclosed in chapter changes in accounting principles and restatement of previous period (5.1).
The following table summarizes all considerations paid for businesses, as well as the assets and liabilities acquired and recognized at fair value as at the acquisition date for the full financial year 2022/23 and for the full financial year 2021/22 in comparison.
|
CHF million |
|
Financial year ended 30.06.2023 |
|
Financial year ended 30.06.2022 |
|
|
|
Total |
|
Total |
|
Total consideration |
|
8.9 |
|
114.4 |
|
Cash paid |
|
8.7 |
|
99.0 |
|
Deferred payment |
|
0.0 |
|
14.0 |
|
Acquisition-related costs |
|
0.2 |
|
1.4 |
|
Identifiable assets and liabilities |
|
0.8 |
|
–3.6 |
|
Cash and cash equivalents |
|
1.1 |
|
8.6 |
|
Trade receivables |
|
0.7 |
|
18.5 |
|
Inventories |
|
0.0 |
|
9.9 |
|
Current income tax assets |
|
0.0 |
|
0.4 |
|
Other current assets |
|
0.0 |
|
2.4 |
|
Property, plant, and equipment |
|
0.1 |
|
8.2 |
|
Intangible assets |
|
0.0 |
|
0.3 |
|
Deferred income tax assets |
|
0.0 |
|
1.0 |
|
Current borrowings |
|
0.0 |
|
–0.1 |
|
Trade payables |
|
–0.3 |
|
–9.4 |
|
Current income tax liabilities |
|
0.0 |
|
–1.0 |
|
Accrued and other current liabilities |
|
–0.8 |
|
–12.0 |
|
Provisions |
|
0.0 |
|
–0.7 |
|
Non-current borrowings |
|
0.0 |
|
–28.3 |
|
Accrued pension costs and benefits |
|
0.0 |
|
–2.1 |
|
Deferred income tax liabilities |
|
0.0 |
|
0.7 |
|
Goodwill 1 |
|
8.1 |
|
118.0 |
1 Capitalized within intangible assets and disclosed in note property, plant, and equipment/intangible assets (2.3).
On 1 August 2022, dormakaba acquired Alldoorcoc based in Nijkerk (NL). Alldoorco is a well-known company specializing in the maintenance, repair, and new installation of industrial door systems. With its high level of technical expertise in door solution services, the company is an ideal complement to dormakaba's existing offering in the Dutch market.
In previous year, dormakaba acquired the Fermatic Group based near Paris (FR), Reliance Doors and Best Doors Australia Groups (RELBDA) based in eastern and southern Australia, AtiQx Holding B.V. based in Utrecht/Dordrecht (NL), MultiGlazingSystems Ltd based in Dudley, West Midlands (UK), Rovato Techniek B.V. based in LK Tiel (NL), and Solus Security Systems PvT Ltd based in Bangalore (IN).
While there were no divestments in the current financial year, in the previous year dormakaba divested its Mesker hollow metal doors business and its interior glass systems business.
|
CHF million |
|
Financial year ended 30.06.2023 |
|
Financial year ended 30.06.2022 (restated) 2 |
|
|
|
Total |
|
Total |
|
Total consideration |
|
0.0 |
|
32.2 |
|
Cash consideration |
|
0.0 |
|
31.0 |
|
Deferred expenses/payment |
|
0.0 |
|
5.3 |
|
Divestment-related costs |
|
0.0 |
|
–4.1 |
|
Assets and liabilities divested |
|
0.0 |
|
36.5 |
|
Cash and cash equivalents |
|
0.0 |
|
17.4 |
|
Trade receivables |
|
0.0 |
|
4.3 |
|
Inventories |
|
0.0 |
|
15.6 |
|
Other current assets |
|
0.0 |
|
0.9 |
|
Property, plant, and equipment |
|
0.0 |
|
19.3 |
|
Intangible assets |
|
0.0 |
|
0.7 |
|
Non-current financial assets |
|
0.0 |
|
0.5 |
|
Deferred income tax assets |
|
0.0 |
|
2.2 |
|
Trade payables |
|
0.0 |
|
–2.9 |
|
Accrued and other current liabilities |
|
0.0 |
|
–1.7 |
|
Provisions |
|
0.0 |
|
–0.1 |
|
Accrued pension costs and benefits |
|
0.0 |
|
–19.7 |
|
Result from sale of subsidiaries 1 |
|
0.0 |
|
–4.3 |
1 Included in other operating income and expenses.
2 Details on the restatement are disclosed in chapter changes in accounting principles and restatement of previous period (5.1).