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4.2 Impairment recorded by Industrial Systems segment

After conducting an assessment of the business development for Atlantic Zeiser at the end of 2017, a need to recognise an impairment of net assets was identified. The impairment of the book value was allocated to the following items of the consolidated income statement and balance sheet:

IMPAIRMENT RECORDED BY INDUSTRIAL SYSTEMS SEGMENT

in CHF thousand at 31 December            
   
in EUR thousand
  Income statement
in CHF thousand
  Balance sheet
in CHF thousand
Impairment of semi-finishes and finished products   2,390   2,657   2,795
Impairment of inventories   1,134   1,261   1,327
Impairment of tangible assets   667   742   781
Impairment and amortisation with effect on earnings before interest and taxes (EBIT)   4,191   4,660  
Impairment of deferred tax assets   2,484   2,761   2,905
Total provisions 31. 12. 2017   6,675   7,421   7,808
Exchange differences in equity           –387