- The Stories
- Investor Relations
- Corporate Governance
- Financial Report 2022
- Chief financial officer’s report
- Five-year consolidated data
- Consolidated financial statements
- Notes to the consolidated financial statements
- 1 Reporting entity
- 2 Summary of significant accounting policies
- 3 Scope of consolidation
- 4 Sales – Revenue from contracts with customers
- 5 Sales – Income from operating lease arrangements (group as lessor)
- 6 Segment information
- 7 Operating expenses by nature
- 8 Research and development
- 9 Other operating result
- 10 Financial result
- 11 Earnings per share
- 12 Employee benefits
- 13 Income taxes
- 14 Cash and cash equivalents
- 15 Other current financial assets
- 16 Trade accounts receivable
- 17 Inventories
- 18 Non-current financial assets
- 19 Property, plant and equipment
- 20 Right-of-use assets (group as lessee)
- 21 Intangible assets and goodwill
- 22 Financial liabilities
- 23 Contract liabilities
- 24 Government grants
- Statutory Auditor´s Report on the Consolidated Financial Statements
- Balance sheet of Tecan Group Ltd.
- Income statement of Tecan Group Ltd.
- Notes to the financial statements of Tecan Group Ltd.
- 1 Reporting entity
- 2 Summary of significant accounting policies
- 3 Investments in subsidiaries
- 4 Bond
- 5 Provision for general business risks
- 6 Shareholders’ equity
- 7 Gain on sale of financial investments
- 8 Number of employees
- 9 Number of shares and share options
- 10 Guarantees in favor of third parties
- 11 Liabilities from lease arrangements not included in the balance sheet
- 12 Subsequent events
- Statutory Auditor`s Report on the Financial Statements of Tecan Group Ltd.
- Global
25 PROVISIONS
| Onerous contracts | Warranties and returns | WEEE1 | Legal cases | Other | Total 2021 |
CHF 1,000 |
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Balance at January 1, 2021 | 2,886 | 16,499 | 1,358 | 4,309 | 7,225 | 32,277 |
Acquisition through business combination | - | 6,606 | - | 2,266 | - | 8,872 |
Provisions recognized | 5,222 | 20,662 | 235 | (322) | 4,258 | 30,055 |
Provisions used | - | (19,098) | - | - | (4) | (19,102) |
Provisions reversed | (5,663) | (654) | (8) | - | (411) | (6,736) |
Reclassification | - | - | (49) | - | (74) | (123) |
Translation differences | 2 | 83 | (53) | (10) | 7 | 29 |
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Balance at December 31, 2021 | 2,447 | 24,098 | 1,483 | 6,243 | 11,001 | 45,272 |
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Thereof current | 2,447 | 24,098 | - | 6,243 | 2,144 | 34,932 |
Thereof non-current | - | - | 1,483 | - | 8,857 | 10,340 |
- WEEE = waste electrical and electronic equipment (directive 2002/96/EC)
| Restructuring and dismantling | Onerous contracts | Warranties and returns | WEEE1 | Legal cases | Other | Total 2022 |
CHF 1,000 |
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Balance at January 1, 2022 | 84 | 2,447 | 24,098 | 1,483 | 6,243 | 10,917 | 45,272 |
Provisions recognized | - | 300 | 15,562 | 65 | 50 | 1,576 | 17,553 |
Provisions used | - | - | (14,876) | (19) | - | (86) | (14,981) |
Provisions reversed | - | (253) | (3,704) | (1) | (1,291) | (2,489) | (7,738) |
Translation differences | (8) | 5 | 9 | (85) | 4 | (60) | (135) |
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Balance at December 31, 2022 | 76 | 2,499 | 21,089 | 1,443 | 5,006 | 9,858 | 39,971 |
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Thereof current | - | 2,499 | 21,089 | - | 5,006 | 2,855 | 31,449 |
Thereof non-current | 76 | - | - | 1,443 | - | 7,003 | 8,522 |
- WEEE = waste electrical and electronic equipment (directive 2002/96/EC)
The provision for legal cases (2022: CHF 5.0 million and 2021: CHF 6.2 million) relates to several legal cases with former customers and employees in different subsidiaries, for which the timing of settlement is uncertain at year-end.
The position ‘other’ includes: 1. provisions to cover commitments related to other non-current employee benefits (2022: CHF 7.2 million and 2021: CHF 9.0 million), 2. provisions in connections with controversial sales and use tax positions (2022: CHF 2.2 million and 2021: CHF 1.5 million) 3. several minor provisions (2022: CHF 0.5 million and 2021: CHF 0.5 million).
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