8 Provisions and contingent liabilities
Provisions
Provisions changed as follows in the first three months of 2023:
In CHF million |
Dismantlement and restoration costs |
Regulatory and competition law proceedings |
Termination benefits |
Others |
Total |
|||||
---|---|---|---|---|---|---|---|---|---|---|
In CHF millionBalance at 1 January 2023 |
Dismantlement and restoration costs658 |
Regulatory and competition law proceedings283 |
Termination benefits31 |
Others187 |
Total1,159 |
|||||
In CHF millionAdditions to provisions |
Dismantlement and restoration costs– |
Regulatory and competition law proceedings1 |
Termination benefits– |
Others6 |
Total7 |
|||||
In CHF millionAdjustments recorded under property, plant and equipment |
Dismantlement and restoration costs 43 |
Regulatory and competition law proceedings – |
Termination benefits – |
Others – |
Total 43 |
|||||
In CHF millionPresent-value adjustments |
Dismantlement and restoration costs3 |
Regulatory and competition law proceedings2 |
Termination benefits– |
Others– |
Total5 |
|||||
In CHF millionRelease of unused provisions |
Dismantlement and restoration costs– |
Regulatory and competition law proceedings– |
Termination benefits– |
Others(1) |
Total(1) |
|||||
In CHF millionUse of provisions |
Dismantlement and restoration costs(5) |
Regulatory and competition law proceedings– |
Termination benefits(4) |
Others(11) |
Total(20) |
|||||
In CHF millionBalance at 31 March 2023 |
Dismantlement and restoration costs699 |
Regulatory and competition law proceedings286 |
Termination benefits27 |
Others181 |
Total1,193 |
|||||
In CHF millionThereof current provisions |
Dismantlement and restoration costs– |
Regulatory and competition law proceedings51 |
Termination benefits22 |
Others61 |
Total134 |
|||||
In CHF millionThereof non-current provisions |
Dismantlement and restoration costs699 |
Regulatory and competition law proceedings235 |
Termination benefits5 |
Others120 |
Total1,059 |
Contingent liabilities for regulatory and competition law proceedings
With regard to the contingent liabilities reported in the 2022 consolidated financial statements in connection with regulatory and antitrust proceedings, Swisscom is of the opinion that an outflow of resources is unlikely and has therefore, as before, not recognised any provisions for this in the consolidated financial statements as at 31 March 2023.