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
The following statement of changes in assets includes the Group’s own as well as leased property, plant and equipment:
| Total | Land and buildings |
Machinery and equipment |
Office equipment |
Assets under constr./advance payments |
|
| MCHF | MCHF | MCHF | MCHF | MCHF | |
| 2019 | |||||
| Cost at beginning of year | 2,260.3 | 639.5 | 1,414.1 | 65.6 | 141.1 |
| Adoption IFRS 16 | 86.7 | 76.2 | 10.4 | 0.1 | |
| Additions | 153.9 | 11.9 | 53.1 | 8.5 | 80.4 |
| Disposals | -62.1 | -6.3 | -49.9 | -5.9 | |
| Transfers | -1.3 | 43.3 | 51.0 | 2.4 | -98.0 |
| Translation differences | -57.0 | -16.0 | -35.9 | -2.7 | -2.4 |
| Cost at end of year | 2,380.5 | 748.6 | 1,442.8 | 68.0 | 121.1 |
| Accumulated depreciation at beginning of year | 1,431.4 | 339.4 | 1,050.2 | 41.8 | 0.0 |
| Depreciation | 127.4 | 32.4 | 86.0 | 9.0 | |
| Disposals | -60.9 | -5.7 | -49.3 | -5.9 | |
| Transfers | -1.3 | -3.7 | 2.4 | ||
| Translation differences | -36.1 | -7.1 | -26.9 | -2.1 | |
| Accumulated depreciation at end of year | 1,460.5 | 355.3 | 1,062.4 | 42.8 | 0.0 |
| Carrying amounts at end of year | 920.0 | 393.3 | 380.4 | 25.2 | 121.1 |
| 2018 | |||||
| Cost at beginning of year | 2,267.0 | 656.2 | 1,445.2 | 65.4 | 100.2 |
| Additions | 151.4 | 11.2 | 39.6 | 8.6 | 92.0 |
| Disposals | -88.7 | -19.0 | -63.2 | -6.5 | |
| Transfers | 2.0 | 9.6 | 37.8 | 1.7 | -47.1 |
| Translation differences | -71.4 | -18.5 | -45.3 | -3.6 | -4.0 |
| Cost at end of year | 2,260.3 | 639.5 | 1,414.1 | 65.6 | 141.1 |
| Accumulated depreciation at beginning of year | 1,454.2 | 345.0 | 1,067.0 | 42.2 | 0.0 |
| Depreciation | 105.0 | 16.5 | 79.7 | 8.8 | |
| Disposals | -82.5 | -13.9 | -62.1 | -6.5 | |
| Translation differences | -45.3 | -8.2 | -34.4 | -2.7 | |
| Accumulated depreciation at end of year | 1,431.4 | 339.4 | 1,050.2 | 41.8 | 0.0 |
| Carrying amounts at end of year | 828.9 | 300.1 | 363.9 | 23.8 | 141.1 |
As at 31 December 2019, there were no qualified assets for which borrowing costs were capitalised during the production phase. As at 31 December 2019, the Group had entered into firm commitments for capital expenditures of MCHF 11.6 (PY: MCHF 14.5).
The following table breaks down the carrying amount of property, plant and equipment by items that are owned by the Group and items that are leased:
| 2019 | 2018 | |
| MCHF | MCHF | |
| Property, plant and equipment owned | 851.8 | 828.9 |
| Right-of-use of property, plant and equipment | 68.2 | 0.0 |
| Carrying amounts at end of year | 920.0 | 828.9 |
Right-of-use of property, plant and equipment
| Total | Land and buildings |
Machinery and equipment |
Office equipment |
|
| MCHF | MCHF | MCHF | MCHF | |
| 2019 | ||||
| Initial recognition IFRS 16 | 74.8 | 67.8 | 6.9 | 0.1 |
| Additions | 11.9 | 8.4 | 3.5 | 0.0 |
| Depreciation | -17.2 | -13.7 | -3.4 | -0.1 |
| Translation differences | -1.3 | -1.2 | -0.1 | 0.0 |
| Carrying amounts at end of year | 68.2 | 61.3 | 6.9 | 0.0 |
