II Notes to the financial statements

1 Extraordinary result

 

 

 

 

 

(CHF million)

 

2022

 

2021

Extraordinary income

 

0.1

 

6.7

Extraordinary expenses

 

–29.7

 

–6.5

Extraordinary result

 

–29.6

 

0.2

Extraordinary expenses include an amount of CHF –24.6 million incurred in the course of the restructuring and recapitalisation of the subsidiary Zurich Airport International AG. This resulted from the loan waiver granted in the amount of CHF –248.0 million, which was offset, firstly, by the reversal of the existing valuation allowance of CHF 75.0 million and, secondly, by the use of a net CHF 148.4 million of the loan waiver, which had a partly capital-forming effect (see also note 4, Investments and loans).