2.3 Disposal of land and buildings in Winterthur
On September 26, 2023, Rieter sold the land and buildings no longer required for operations at Klosterstrasse in Winterthur (Switzerland) to Allreal (Glattpark, Switzerland). The following table summarizes the effects of the disposal on the consolidated income statement 2023:
CHF million | |
|---|---|
Disposal consideration (gross) | 96.0 |
Carrying amount of land and buildings | – 15.3 |
Costs directly attributable to the disposal | – 8.2 |
Gain on disposal of assets classified as held for sale | 72.5 |
The costs directly attributable to the disposal consisted mainly of provisions for obligations related to site restoration, ambient protection, and other liabilities directly related to the sale of the land and buildings in Winterthur.
The following amounts are included in the consolidated cash flow statement 2023:
CHF million | |
|---|---|
Disposal consideration (gross) | 96.0 |
Prepaid property gain taxes | – 6.9 |
Proceeds from disposal of assets classified as held for sale | 89.1 |