14 Tangible assets
Tangible assets are stated at historical cost less depreciation and impairment. Depreciation is calculated using the straight-line method over the expected useful life as follows:
- Land is not depreciated
- Buildings: max. 33 years
- Furniture, fixtures and other equipment: max. 5 years
- Leasehold improvements: max. 10 years or shorter lease term
- Vehicles: max. 5 years
- IT equipment: max. 3 years
in CHF million | Land | Buildings | IT equipment | Leasehold improve- ments | Furniture and fixtures | Other equipment | Total |
Historical cost | |||||||
On January 1, 2025 | 3.4 | 16.7 | 19.4 | 10.1 | 7.3 | 1.7 | 58.6 |
Business acquisitions | - | - | 5.6 | 3.4 | - | - | 9.0 |
Additions | - | - | 4.3 | 1.1 | 0.3 | 0.3 | 6.0 |
Disposals | - | –0.2 | –1.9 | –1.3 | –0.3 | –0.3 | –4.0 |
Currency translation adjustments | - | 0.1 | –1.4 | –0.7 | –0.3 | - | –2.3 |
As of December 31, 2025 | 3.4 | 16.6 | 26.0 | 12.6 | 7.0 | 1.7 | 67.3 |
Accumulated depreciation/impairment | |||||||
On January 1, 2025 | - | –2.0 | –14.4 | –4.5 | –4.3 | –1.2 | –26.4 |
Depreciation | - | –0.4 | –4.6 | –2.6 | –0.8 | –0.3 | –8.7 |
Disposals | - | - | 1.8 | 1.2 | 0.2 | 0.3 | 3.5 |
Currency translation adjustments | - | - | 0.8 | 0.3 | 0.2 | - | 1.3 |
As of December 31, 2025 | - | –2.4 | –16.4 | –5.6 | –4.7 | –1.2 | –30.3 |
Carrying amount December 31, 2025 | 3.4 | 14.2 | 9.6 | 7.0 | 2.3 | 0.5 | 37.0 |
As of December 31, 2025, and 2024, there were no contractual commitments for the purchase of tangible assets, and no impairment was required.
in CHF million | Land | Buildings | IT equipment | Leasehold improve- ments | Furniture and fixtures | Other equipment | Total |
Historical cost | |||||||
On January 1, 2024 | 3.5 | 15.9 | 18.3 | 7.0 | 6.0 | 2.2 | 52.9 |
Business acquisitions | - | 0.7 | - | - | - | - | 0.7 |
Additions | - | 0.5 | 3.5 | 3.7 | 1.6 | 0.1 | 9.4 |
Disposals | - | - | –2.7 | –0.7 | –0.4 | –0.6 | –4.4 |
Currency translation adjustments | –0.1 | –0.4 | 0.3 | 0.1 | 0.1 | - | - |
As of December 31, 2024 | 3.4 | 16.7 | 19.4 | 10.1 | 7.3 | 1.7 | 58.6 |
Accumulated depreciation/impairment | |||||||
On January 1, 2024 | - | –1.6 | –13.5 | –4.0 | –3.9 | –1.4 | –24.4 |
Depreciation | - | –0.4 | –3.3 | –1.1 | –0.7 | –0.3 | –5.8 |
Disposals | - | - | 2.6 | 0.6 | 0.4 | 0.5 | 4.1 |
Currency translation adjustments | - | - | –0.2 | - | –0.1 | - | –0.3 |
As of December 31, 2024 | - | –2.0 | –14.4 | –4.5 | –4.3 | –1.2 | –26.4 |
Carrying amount December 31, 2024 | 3.4 | 14.7 | 5.0 | 5.6 | 3.0 | 0.5 | 32.2 |