Page 95 - Demo
P. 95
DKSH Annual Report 2023 9324. Provisionsin CHF millionsProduct warrantyEmployee entitlementsLitigations/ Disputes Others Total Current and non-currentAs of January 1, 2023 0.7 4.3 0.9 3.1 9.0 Additions 0.1 1.2 - 0.8 2.1 Unused amount reversed - - - (0.2) (0.2) Utilized in current year (0.0) (0.5) (0.9) (0.4) (1.8) Exchange differences (0.1) (0.4) - (0.5) (1.0) As of December 31, 2023 0.7 4.6 (0.0) 2.8 8.1 thereof:Current provisions 0.7 0.3 - 0.5 1.5 Product WarrantyThe Group issues warranties on certain products and undertakes to repair or replace items that fail to perform satisfactorily. A provision has been recognized at the year-end for expected warranty claims based on past experience of the level of repairs and returns.Employee EntitlementsEmployee entitlements refer to termination or long-term employee benefits and are calculated on the basis of local labor laws of the respective countries. The amounts provided for are calculated using the average wage and years of service. The timing of cash outflow is uncertain.