Notes to the Consolidated Financial Statements

1. Basic information

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 noncurrent liabilities and provisions

  2020 2019
  MCHF MCHF
Accrued investment grants 1.6 1.7
Other non-current liabilities 15.2 10.1
Total other non-current liabilities 16.8 11.8
     
Provisions for operating risks 37.5 37.1
Other non-current provisions 14.2 7.9
Total non-current provisions 51.7 45.0
     
Total other non-current liabilities and provisions 68.5 56.8

Movements of the provisions for operating risks in 2020 and 2019 are shown in the following table.

  2020 2019
  MCHF MCHF
Provisions for operating risks    
1 January 37.1 35.8
Additions 8.3 8.8
Transfers 0.0 -0.2
Used -6.7 -6.1
Reversed -0.6 -0.1
Translation differences -0.6 -1.1
31 December 37.5 37.1

Provisions for operating risks mainly include provisions for warranties. The payments for the warranty claims delay on average 4.1 years (PY: 4.0 years).

  2020 2019
  MCHF MCHF
Other non-current provisions    
1 January 7.9 8.6
Additions 6.5 1.0
Transfers 1.1 -0.1
Used -0.7 -0.5
Reversed -0.4 -0.8
Translation differences -0.2 -0.3
31 December 14.2 7.9

In 2020, this position includes the non-current portion of the restructuring provision of MCHF 1.7 (PY: MCHF 0.5) for the French restructuring measures in 2017. For a detailed explanation, see Note 13. The position increased mainly due to pending legal cases.

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. Research and development cost

27. Free Cashflow

28. Segment reporting

29. Related party transactions

30. Foreign exchange rates

31. Subsequent events

32. Group companies as of 31 December 2020

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