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80 Consolidated financial statements<br />
––<br />
18. Accrued expenses and deferred income<br />
19. Provisions<br />
CHF 1’000 31.12.<strong>2011</strong> 31.12.2010<br />
Construction contracts 22 32’644 10’947<br />
Project costs 18’651 10’007<br />
Personnel expenses 11’145 3’985<br />
Commissions 506 977<br />
Other 7’291 6’502<br />
Total accrued expenses and deferred income 70’237 32’418<br />
<strong>2011</strong><br />
CHF 1’000 Warrenty Other Provisions Total<br />
Value at beginning of year 6’913 1’015 7’928<br />
Change in consolidated companies 32 5’264 – 5’264<br />
Increase 7’040 652 7’692<br />
Decrease -240 -524 -764<br />
Use -7’105 -252 -7’357<br />
Currency translation -238 -9 -247<br />
Value year end 11’634 882 12’516<br />
Thereof:<br />
Current 7’959 556 8’515<br />
Non-current 3’675 326 4’001<br />
Provisions are split into the categories warranty for products sold and other provisions. Other provisions<br />
include provisions for onerous contracts, personnel expenditure and project risks. On average,<br />
it is assumed that a cash flow in warranties will occur within 6 to 24 months and in other provisions<br />
within 6 to 12 months.
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