3.3Provisions
CHF 1,000 | 2025 | 2024 |
|---|---|---|
Provisions as at 1 January | 277 | 756 |
Changes in scope of consolidation | - | –517 |
Increase | - | 42 |
Use | - | –4 |
Provisions as at 31 December | 277 | 277 |
As at balance sheet date, the position includes long-term provisions for pending legal cases and disputes.
Accounting principles |
|---|
Provisions are recognised only if the Company has a present obligation to a third party as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the obligation can be sufficiently reliably estimated. Provisions are presented as being either short- or long-term in accordance with their expected due dates. |