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- 1 Group structure and shareholders
- 2 Capital structure
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- 4 Management
- 5 Content and method of determining compensation and stock option plans
- 6 Shareholders’ participation rights
- 7 Change of control and defense measures
- 8 Statutory auditors
- 9 Information policy
- 10 Blackout periods
- Compensation Report
- Financial Report 2023
- Chief Financial Officer’s Report
- Five-year consolidated data
- Consolidated financial statements
- Notes to the consolidated financial statements
- 1 Reporting entity
- 2 Summary of material 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 Number of employees
- 8 Number of shares and share options
- 9 Guarantees in favor of third parties
- 10 Liabilities from lease arrangements not included in the balance sheet
- 11 Subsequent events
- 12 Information according to article 663c of the Swiss code of obligations
- Statutory Auditor`s Report on the Financial Statements of Tecan Group Ltd.
- Performance of the Tecan share in 2023
20 RIGHT-OF-USE ASSETS (GROUP AS LESSEE)
This note provides information for leases where the Group is a lessee. For leases where the Group is a lessor see note 5.
20.1 AMOUNTS RECOGNIZED IN THE FINANCIAL STATEMENTS
The amounts recognized in the balance sheet are as follows:
| Property | Office equipment | Machines | Motor vehicles | Total |
CHF 1,000 |
|
|
|
|
|
Balance at January 1, 2022 | 60,164 | 33 | 8 | 2,341 | 62,546 |
Additions and subsequent measurement | 6,964 | 37 | - | 857 | 7,858 |
Depreciation | (13,539) | (14) | (7) | (1,314) | (14,874) |
Translation differences | (133) | (5) | (1) | (10) | (149) |
|
|
|
|
|
|
Balance at December 31, 2022 | 53,456 | 51 | - | 1,874 | 55,381 |
|
|
|
|
|
|
Additions and subsequent measurement | 24,915 | (12) | 6 | 1,840 | 26,749 |
Disposal | - | - | - | (55) | (55) |
Depreciation | (12,966) | (19) | - | (1,201) | (14,186) |
Translation differences | (3,634) | (5) | - | (101) | (3,740) |
|
|
|
|
|
|
Balance at December 31, 2023 | 61,771 | 15 | 6 | 2,357 | 64,149 |
The related lease liabilities are disclosed in note 22.
The amounts recognized in the statement of profit or loss are as follows:
| 2022 | 2023 |
CHF 1,000 |
|
|
Depreciation expense of right-of-use assets | 14,874 | 14,186 |
Expense related to short-term and low value leases | 202 | 142 |
|
|
|
Interest cost on lease liabilities (included in finance cost) | 670 | 671 |
|
|
|
Total amount recognized in profit or loss | 15,746 | 14,999 |
In financial year 2023, the Group paid a total amount of CHF 14.7 million (2022: CHF 14.6 million) to its lessors.
20.2 ADDITIONAL DISCLOSURES
The Group has several property lease contracts that include renewal and termination options. Where useful, the Group aims to incorporate options into its leases to maximize operational flexibility. Normally, these options are exercisable only by the lessee and not by the lessors. For all locations, the undiscounted potential future rental payments relating to periods following the exercise date of the options are estimated at CHF 82.5 million, of which CHF 4.6 million, particularly the US locations of Paramit, are considered in the valuation of the right-of-use assets as of December 31, 2023.
At year-end 2023, there are no new lease commitments with commencement date after the balance sheet date (2022: none).
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