In accordance with IAS 12.47, deferred tax assets and liabilities are calculated at the rate that is expected to apply when the asset is realised or the liability settled. The balance of deferred tax assets and liabilities changed as follows:
(CHF million) | 2026 | 2025 | ||
|---|---|---|---|---|
Deferred tax assets and liabilities, net as at 1 January | –81.0 | –64.6 | ||
Change in tax rate, recognised in income statement | 0.0 | 0.4 | ||
Deferred taxes on remeasurement of net defined benefit obligations (recognised in other comprehensive income) | 4.5 | –5.7 | ||
Change according to income statement | –2.3 | –2.0 | ||
Foreign currency translation differences | –0.2 | –0.2 | ||
Deferred tax assets and liabilities, net as at 30 June | –79.0 | –72.1 | ||
of which deferred tax assets | 2.1 | 3.4 | ||
of which deferred tax liabilities | –81.1 | –75.5 |