Notes to the Consolidated Financial Statements

1. Basic information and principles of the report

2. Changes in Group structure

3. Summary of significant accounting policies

4. Risk assessment and management

5. Management of capital

6. Trade accounts receivable

7. Other current assets and current financial assets

8. Inventories

9. Property, plant and equipment

10. Other non-current assets and non-current financial assets

11. Goodwill and intangible assets

12. Short-term debt

13. Other current liabilities and provisions

14. Long-term debt

15. Financial instruments

16. Retirement benefit plans

17. Participation plans

18. Deferred tax assets and liabilities

19. Other non-current liabilities and provisions

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  2018 2017
  MCHF MCHF
Accrued investment grants 2.4 2.9
Other non-current liabilities 5.9 6.7
Total other non-current liabilities 8.3 9.6
     
Provisions for operating risks 35.8 35.1
Other non-current provisions 8.6 13.0
Total non-current provisions 44.4 48.1
     
Total other non-current liabilities and provisions 52.7 57.7

Movements of the provisions for operating risks in 2018 and 2017 are shown in the following table.

  2018 2017
  MCHF MCHF
Provisions for operating risks    
1 January 35.1 31.6
Changes in scope of consolidation 0.0 -0.2
Additions 27.4 14.3
Used -24.8 -10.7
Reversed -0.5 -2.0
Translation differences -1.4 2.1
31 December 35.8 35.1

Provisions for operating risks mainly include provisions for warranties. The payments for the warranty claims delay on average 3.7 years (PY: 4.0 years).

In 2018, the item “Used” includes payments for a claim that is almost completely covered by insurance.

  2018 2017
  MCHF MCHF
Other non-current provisions    
1 January 13.0 3.2
Additions 2.7 2.7
Transfers -6.3 19.6
Used -0.5 -12.7
Reversed 0.0 -0.5
Translation differences -0.3 0.7
31 December 8.6 13.0

In 2018, this position includes the non-current portion of the restructuring provision of MCHF 2.6 (PY: MCHF 8.8) for the French restructuring measures in 2017. In 2017 the line item “Used” includes mainly payments in relation to this provision. For a detailed explanation, see Note 13.

20. Contingencies

21. Capital stock and treasury shares

22. Earnings per share

23. Other operating expenses, net

24. Financial result, net

25. Income tax expenses

26. Operating Leasing

27. Research and development cost

28. Cashflow figures

29. Segment reporting

30. Related party transactions

31. Foreign exchange rates

32. Subsequent events

33. Group companies as at 31 December 2018

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