Note 14 – Provisions Audited

Non-Current Provisions

million CHF Environmental Restructuring Other Total
         
At 1 January 2017 82 2 6 90
Increase 22 0 5 27
Used (8) 0 0 (8)
Discount effect 1 0 0 1
Reversed (1) 0 (1) (2)
Reclassification (to current provisions) (6) (1) 0 (7)
At 31 December 2017 90 1 10 101

 

Current Provisions

million CHF Environmental Restructuring Other Total
         
At 1 January 2017 10 23 16 49
Increase 12 12 15 39
Used (4) (8) (8) (20)
Reversed (1) 0 (5) (6)
Reclassification (from non-current provisions) 6 1 0 7
At 31 December 2017 23 28 18 69

 

Environmental 

 

The environmental provision comprises the future expenses for environmental remediation and protection of CHF 89 million (2016: CHF 66 million) for the plant in Visp (CH) as well as for various other plants of the acquired legacy Arch Chemicals business. The provision is expected to be utilized within ten years. The legacy Arch-related provisions include environmental risks for existing as well as divested plants.

Restructuring 

 

The restructuring provision primarily reflects the expected lease termination costs related to the phasedown of the Hopkinton, MA (USA) site amounting to CHF 16 million (2016: CHF 17 million) as well as CHF 4 million (2016: CHF 6 million) in relation to the VispChallenge restructuring program.

Other 

 

Other provisions are predominantly associated with customer claims and the asset retirement obligations of the Singapore-based operations.