18 Financial liabilities
|
in CHF 1,000 |
2024 |
2023 |
|
|
|
|
|
Current |
|
|
|
Bank overdrafts |
4,820 |
375 |
|
Contingent consideration liabilities |
3,078 |
5,302 |
|
Lease liabilities |
14,260 |
13,411 |
|
Other financial liabilities |
316,034 |
121,173 |
|
|
|
|
|
Total current financial liabilities |
338,192 |
140,261 |
|
|
|
|
|
Non-current |
|
|
|
Contingent consideration liabilities |
4,958 |
2,040 |
|
Lease liabilities |
21,323 |
19,336 |
|
Other financial liabilities |
3,003 |
3,375 |
|
|
|
|
|
Total non-current financial liabilities |
29,284 |
24,751 |
|
|
|
|
|
Total financial liabilities |
367,476 |
165,012 |
Revolving credit loan
The group has access to a CHF 660 million (prior year: CHF 660 million) multiple currency revolving credit facility. Of this revolving credit facility, CHF 250 million was drawn as of 31 December 2024 (prior year: CHF 70 million).
Contingent consideration liabilities
The contingent consideration liability reflects the fair value of the expected payments. These estimates are reviewed at each reporting date and adjusted as necessary. Adjustments are booked in finance income or expenses. For further information, refer to explanation of “Level 3” financial instruments in Note 4.3 Categories of financial instruments and fair value estimation.
Changes in liabilities arising from financing activities
|
|
Changes in financial liabilities |
|||||||
|
in CHF 1,000 |
1 January 2024 |
Business acquisitions |
Financing cash flows |
Investing cash flows |
Foreign exchange movements |
Changes in fair value |
Other |
31 December 2024 |
|
|
|
|
|
|
|
|
|
|
|
Bank overdrafts |
375 |
– |
4,485 |
– |
–40 |
– |
– |
4,820 |
|
Contingent consideration liabilities |
7,342 |
– |
–1,210 |
–3,224 |
109 |
–1,404 |
6,423 |
8,036 |
|
Lease liabilities |
32,747 |
237 |
–16,997 |
– |
426 |
– |
19,170 |
35,583 |
|
Other current financial liabilities |
121,173 |
1 |
178,418 |
8,816 |
–5,979 |
– |
13,605 |
316,034 |
|
Other non-current financial liabilities |
3,375 |
– |
–20 |
– |
–199 |
– |
–153 |
3,003 |
|
|
|
|
|
|
|
|
|
|
|
Total |
165,012 |
238 |
164,676 |
5,592 |
–5,683 |
–1,404 |
39,045 |
367,476 |
Further effects in column “Other” are related to additions, disposals and compounding of lease liabilities (TCHF 19,170), the initial recognition of the contingent consideration liability for Medalsoft (TCHF 6,319), the recognition of the foreign currency call option (TCHF 13,516) and, to a limited extent, accrued interest.
|
|
Changes in financial liabilities |
|||||||
|
in CHF 1,000 |
1 January 2023 |
Business acquisitions |
Financing cash flows |
Investing cash flows |
Foreign exchange movements |
Changes in fair value |
Other |
31 December 2023 |
|
|
|
|
|
|
|
|
|
|
|
Bank overdrafts |
5,178 |
– |
–4,549 |
– |
–254 |
– |
– |
375 |
|
Contingent consideration liabilities |
15,030 |
– |
–2,921 |
–3,837 |
–272 |
–895 |
237 |
7,342 |
|
Lease liabilities |
33,070 |
– |
–17,024 |
– |
–2,002 |
– |
18,703 |
32,747 |
|
Other current financial liabilities |
17,040 |
36 |
84,202 |
–10,447 |
–7,987 |
– |
38,329 |
121,173 |
|
Other non-current financial liabilities |
45,234 |
– |
–403 |
– |
–3,127 |
– |
–38,329 |
3,375 |
|
|
|
|
|
|
|
|
|
|
|
Total |
115,552 |
36 |
59,305 |
–14,284 |
–13,642 |
–895 |
18,940 |
165,012 |
Further effects in column “Other” are related to additions, disposals and compounding of lease liabilities (TCHF 18,703), a swap contract which was initially recorded in 2022 and reclassed from non-current to current financial liabilities in 2023 (TCHF 38,329) and, to a limited extent, accrued interest.
In the statement of cash flows the change in financial liabilities is presented on a gross basis.