report

4.3 Legal cases
Charles Vögele Group is involved in a number of legal cases. It sets up provisions
for ongoing and pending lawsuits if independent experts are of the opinion that a
fi nancial risk is probable and the amount at risk can be estimated reliably (see
Note 27). The estimated risk connected with these pending lawsuits is covered in full.
4.4 Inventories
At the balance sheet date, estimations have to be made for the valuation of inventories.
Beside the existing inventory valuation system, which takes into account the
ageing structure of the inventory, the net realizable value is estimated. The estimations
are considering planned sales promotions and are based on the most
reliable evidence available to estimate the net realizable amount (see Notes 2.12
and 19.1).
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