Flughafen Zürich AG - Interim Report 2020

11 PROVISION FOR FORMAL EXPROPRIATIONS PLUS SOUND INSULATION AND RESIDENT PROTECTION

(CHF 1,000)	Formal expropriations	Sound insulation and resident protection	Total
Balance as at 1 January 2020	248,079	139,428	387,507
Provisions used 1)	–1,089	–2,952	–4,041
Present value adjustment	0	0	0
Balance as at 30 June 2020	246,990	136,476	383,466
of which current (planned payment within 1 year)	16,641	16,051	32,692
of which non-current (planned payment from 1 year on)	230,349	120,425	350,774

1) The amount paid for formal expropriations only includes effective payments of compensation, and excludes other associated external costs in accordance with the regulations of the Airport of Zurich Noise Fund.

Provision for formal expropriations

As at 30 June 2020, the estimated costs for formal expropriations remained unchanged at CHF 330.0 million, of which CHF 83.0 million had already been paid out at that date. A provision for the outstanding costs of CHF 247.0 million (nominal amount) was recognised in the consolidated financial statements at present value as at the reporting date. As the interest rate used to adjust the present value of the nominal payment flows remained unchanged at 0.00%, the present value is the nominal amount. It is expected that the payments can be completed by the end of 2030.

Provision for sound insulation and resident protection

As at 30 June 2020, the estimated costs for sound insulation and resident protection measures remained unchanged at CHF 400.0 million, of which CHF 263.5 million had already been paid out at that date. A provision for the outstanding costs of CHF 136.5 million (nominal amount) was recognised in the consolidated financial statements at present value as at the reporting date. As the interest rate used to adjust the present value of the nominal payment flows remained unchanged at 0.00%, the present value is the nominal amount. It is expected that the payments can be completed by the end of 2030.