- The Stories
- Investor Relations
- Corporate Governance
- 1 Group structure and shareholders
- 2 Capital structure
- 3 Board of Directors
- 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
25 PROVISIONS
| Restructuring and dismantling | Onerous contracts | Warranties and returns | WEEE1 | Legal cases | Other | Total 2022 |
CHF 1,000 |
|
|
|
|
|
|
|
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) |
Reclassification | - | - | - | - | - | - | - |
Translation differences | (8) | 5 | 9 | (85) | 4 | (60) | (135) |
|
|
|
|
|
|
|
|
Balance at December 31, 2022 | 76 | 2,499 | 21,089 | 1,443 | 5,006 | 9,858 | 39,971 |
|
|
|
|
|
|
|
|
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)
| Restructuring and dismantling | Onerous contracts | Warranties and returns | WEEE1 | Legal cases | Other | Total 2023 |
CHF 1,000 |
|
|
|
|
|
|
|
Balance at January 1, 2023 | 76 | 2,499 | 21,089 | 1,443 | 5,006 | 9,858 | 39,971 |
Provisions recognized | 1,000 | 518 | 19,293 | 62 | 381 | 2,254 | 23,508 |
Provisions used | - | - | (17,958) | - | (2,448) | - | (20,406) |
Provisions reversed | - | (2) | (2,998) | - | (2,197) | (979) | (6,176) |
Reclassification | - | - | - | - | - | - | - |
Translation differences | (3) | (2) | (821) | (84) | (108) | (255) | (1,273) |
|
|
|
|
|
|
|
|
Balance at December 31, 2023 | 1,073 | 3,013 | 18,605 | 1,421 | 634 | 10,878 | 35,624 |
|
|
|
|
|
|
|
|
Thereof current | 1,000 | 3,013 | 18,605 | - | 634 | 3,837 | 27,089 |
Thereof non-current | 73 | - | - | 1,421 | - | 7,041 | 8,535 |
- WEEE = waste electrical and electronic equipment (directive 2002/96/EC)
The provision for legal cases (2023: CHF 0.6 million and 2022: CHF 5.0 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 (2023: CHF 7.3 million and 2022: CHF 7.2 million), 2. provisions in connections with controversial VAT and sales/use tax positions (2023: CHF 1.7 million and 2022: CHF 2.2 million) 3. several minor provisions (2023: CHF 1.9 million and 2022: CHF 0.5 million).
Follow Tecan