26 Provisions

In CHF million  
  Restructuring Other Total
Notes  2012 2011 2012 2011 2012 2011
Balance as at 1 January
  28 45 122 86 150 131
Additions from business combinations
29  0 0
Additional provisions made during the reporting period
  19 4 61 65 81 69
Amounts used during the reporting period
  –14 –20 –18 –14 –32 –34
Unused amounts reversed during the reporting period
  –2 –1 –9 –10 –11 –11
Reclassifications and other disposals
  0 –1 0 –1
Foreign currency translation differences
  0 0 –1 –4 –1 –4
Balance as at end of period
  32 28 156 122 188 150


Restructuring Provisions
Under the “Swiss Life 2015” programme, provisions for restructuring were set up in Switzerland, Liechtenstein and Luxembourg in 2012. The outflow of the amounts is expected within the following one to three years.

Other Provisions
Other provisions were primarily set up for warranties and litigation. Also included in other provisions are customer claims mainly relating to AWD.

top of page         print page