Annual Report 2016

Appendix | FAOA 2016
61
11. Liabilities to state-regulated
audit firms
The FAOA levies an annual oversight
charge upon state-regulated
audit firms (see Note 2 letter l). An
on-account amount is charged at
the beginning of the year. Unused
on-account amounts are refunded
to the state-regulated audit firms in
the following year. The amount of
CHF 323,228 (prior year CHF 84,677)
will be credited to the state-regulated
audit firms in 2017.
12. Short-term provisions (in CHF)
2016 2015
Personnel expense liabilities 188,000 193,809
Provision for compensation 2,000 6,000
Total short-term provisions 190,000 199,809
Holiday, accrued flexible working
hours and overtime entitlements
are calculated and accrued as at
31 December based on individual employment
terms.
A provision for compensation was
established in connection with FAOA
orders that have been appealed
against by those affected.
13. Accruals
2016 2015
Various accruals 340,809 312,931
Total accruals 340,809 312,931
Accruals primarily relate to personnel
expense accruals and accruals for the
cost of the Annual Report 2016.
14. Accrued licensing fees
2016 2015
Accrued licensing fees (short-term) 840,460 807,260
Accrued licensing fees (long-term) 814,300 1,440,360
Total accrued licensing fees 1,654,760 2,247,620
Fee income from the licensing of audit
firms is accrued over a period of
5 years.