4.2Tangible fixed assets and intangible assets

CHF 1,000

Owner-occupied properties

Other tangible fixed assets

Tangible fixed assets

Intangible assets

Net carrying amount as at 1 January 2024

16,282

6,987

23,269

8,376

Acquisition costs as at 1 January 2024

17,089

27,028

44,116

16,290

Changes in scope of consolidation

-

–26,768

–26,768

–14,268

Additions

36

1,776

1,812

406

Disposals

-

–213

–213

–46

Reclassification

–17,125

-

–17,125

–2,236

Acquisition costs as at 31 December 2024

-

1,822

1,822

146

Accumulated depreciation/amortisation as at 1 January 2024

807

20,040

20,847

7,914

Changes in scope of consolidation

-

–19,583

–19,583

–8,184

Depreciation/amortisation

136

1,286

1,422

872

Disposals

-

–163

–163

–46

Reclassification

–943

-

–943

–413

Accumulated depreciation/amortisation as at 31 December 2024

-

1,580

1,580

143

Net carrying amount as at 31 December 2024

-

242

242

3

Acquisition costs as at 1 January 2025

-

1,822

1,822

146

Acquisition costs as at 31 December 2025

-

1,822

1,822

146

Accumulated depreciation/amortisation as at 1 January 2025

-

1,580

1,580

143

Depreciation/amortisation

-

113

113

3

Accumulated depreciation/amortisation as at 31 December 2025

-

1,693

1,693

146

Net carrying amount as at 31 December 2025

-

129

129

0

In 2024, the owner-occupied properties ‘Alte Bahnhofstrasse 5/7’ in Mägenwil and ‘Obere Holzgasse 8’ in Hausen AG as well as the right of use an underground car park ‘Obere Holzgasse 9’ in Hausen AG were reclassified from tangible/intangible fixed assets to commercial properties.

Accounting principles

Tangible fixed assets, including owner-occupied properties, that do not meet the definition of investment properties, are stated at cost less depreciation and impairment. The depreciation is recognised on a straight-line basis over their estimated useful lives: three to ten years for office and other equipment; 50 years for owner-occupied properties.

Acquired intangible assets are stated at cost less amortisation and impairment. The amortisation is recognised on a straight-line basis over their estimated useful lives of three to five years. No internally generated intangible assets were capitalised.

If there is any indication of impairment, an impairment test is performed immediately. If the carrying amount exceeds the recoverable amount, an impairment loss is recognised in the income statement.