14. Tangible fixed assets

in CHF thousands

Undevelopedproperty

Land and buildings

Machines and equipment

Other tangible fixed assets

Tangible fixed assets under construction

Total tangible fixed assets

Acquisition cost as at 1 January 2022

6 979

334 645

710 608

349 699

18 393

1 420 324

Additions

-

1 131

12 102

4 326

19 485

37 044

Disposals

-

‑ 133

‑ 3 076

‑ 1 079

-

‑ 4 288

Reclassification

-

5 283

8 588

1 239

‑ 15 110

-

Currency translation

‑ 111

‑ 1 706

‑ 2 850

‑ 452

74

‑ 5 045

Acquisition cost as at 31 December 2022

6 868

339 220

725 372

353 733

22 842

1 448 035

Additions

-

147

10 512

3 333

18 807

32 799

Disposals

-

‑ 330

‑ 4 814

‑ 1 358

-

‑ 6 502

Reclassification

-

2 739

16 871

604

‑ 20 214

-

Currency translation

‑ 162

‑ 4 204

‑ 9 316

‑ 1 122

‑ 574

‑ 15 378

Acquisition cost as at 31 December 2023

6 706

337 572

738 625

355 190

20 861

1 458 954

Cumulative depreciation and impairmentas at 1 January 2022

‑ 158

‑ 265 617

‑ 639 162

‑ 318 913

-

‑ 1 223 850

Depreciation

‑ 32

‑ 2 657

‑ 9 909

‑ 3 755

-

‑ 16 353

Disposals

-

85

2 497

1 030

-

3 612

Reclassification

-

-

2

‑ 2

-

-

Currency translation

13

378

1 548

279

-

2 218

Cumulative depreciation and impairmentas at 31 December 2022

‑ 177

‑ 267 811

‑ 645 024

‑ 321 361

-

‑ 1 234 373

Depreciation

‑ 28

‑ 2 637

‑ 11 210

‑ 3 937

-

‑ 17 812

Disposals

-

242

4 714

1 354

-

6 310

Currency translation

20

1 733

6 359

786

-

8 898

Cumulative depreciation and impairmentas at 31 December 2023

‑ 185

‑ 268 473

‑ 645 161

‑ 323 158

-

‑ 1 236 977

Carrying value as at 1 January 2022

6 821

69 028

71 446

30 786

18 393

196 474

Carrying value as at 31 December 2022

6 691

71 409

80 348

32 372

22 842

213 662

Carrying value as at 31 December 2023

6 521

69 099

93 464

32 032

20 861

221 977

The Chemistry Division invested in various expansion projects at its Rüti ZH (Switzerland), Louisville (USA) and Lianyungang (China) operating sites in 2023. The Paper Division invested in maintaining and further improving the efficiency of its production facilities. The Packaging Division invested primarily in increasing manufacturing capacities and enhancing production efficiencies at its Perlen (Switzerland), Müllheim (Germany) and Anápolis (Brazil) sites.

The carrying value of tangible fixed assets includes CHF 8.0 million of assets held solely for investment purposes (prior year: CHF 8.1 million) and land use rights of CHF 1.7 million (prior year: CHF 2.0 million). The carrying value of leased tangible fixed assets (finance leases) amounts to CHF 0.0 million (prior year: CHF 0.1 million). These consist in particular of company cars, forklifts and other fixed assets (see also Note 17, Financial liabilities).