(CHF million) | 2026 | 2025 | ||
|---|---|---|---|---|
Provision for formal expropriations as at 1 January | 223.5 | 216.0 | ||
Payments for formal expropriations 1 | –0.3 | –0.5 | ||
Increase/release of provision | 1.3 | 4.6 | ||
Present value adjustment | 1.1 | 1.7 | ||
Provision for formal expropriations as at 30 June | 225.6 | 221.8 | ||
Provision for sound insulation and resident protection as at 1 January | 56.3 | 68.3 | ||
Payments for sound insulation and resident protection measures | –3.7 | –4.0 | ||
Increase/release of provision | 0.1 | 0.8 | ||
Present value adjustment | 0.1 | 0.4 | ||
Provision for sound insulation and resident protection as at 30 June | 52.8 | 65.5 | ||
Total provision for formal expropriations plus sound insulation and resident protection as at 30 June | 278.4 | 287.3 | ||
of which current | 36.3 | 28.8 | ||
of which non-current | 242.1 | 258.5 |
1The amount paid for formal expropriations takes into account only the actual payments for compensation, but not the additional associated external costs in accordance with the regulations of the Airport Zurich Noise Fund.
As at 30 June 2026, the estimated costs for formal expropriations remained unchanged at CHF 330.0 million, of which CHF 91.0 million had already been paid out at that date. A provision has been recognised for the outstanding costs at their present value (CHF 225.6 million) as at the reporting date. The discount rate used to calculate the present value of the nominal payment flows was 0.9% (31 December 2025: 1.0%). In view of the still pending court proceedings, it is assumed that payments can be completed by the end of 2040.
As at 30 June 2026, the estimated costs for sound insulation and resident protection measures remained unchanged at CHF 400.0 million, of which CHF 346.5 million had already been paid out at that date. A provision has been recognised for the outstanding costs at their present value (CHF 52.8 million) as at the reporting date. The discount rate used to calculate the present value of the nominal payment flows was 0.5% (31 December 2025: 0.6%). It is expected that the payments can be completed by the end of 2030.