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Employee benefit plans (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Employee Benefit Plans - Schedule of Defined Benefit Plan Liabilities

Personnel Costs	As at December 31,		As at December 31,		As at December 31,
USD'000	2022		2021		2020
Wages and Salaries	12,401		12,208		12,145
Social security contributions	3,123		3,320		3,230
Net service costs	422		671		646
Other components of defined benefit plans, net	14		(78)		248
Total	15,960		16,121		16,268

Employee Benefit Plans - Schedule of Assumptions

	As at December 31,
Assumptions	2022	2022	2021	2021	2020	2020
	France	Switzerland	France	Switzerland	France	Switzerland
Discount rate	3.65%	2.25%	0.75%	0.33%	0.30%	0.15%
Expected rate of return on plan assets	n/a	3.00%	n/a	1.50%	n/a	1.50%
Salary increases	3%	1.50%	3%	1.50%	3%	1.50%

Employee Benefit Plans - Schedule of Changes in Fair Value of Plan Assets

Reconciliation to Balance Sheet start of year
USD'000
Fiscal year	2022		2021		2020
Fair value of plan assets	(12,169)		(12,332)		(10,686)
Projected benefit obligation	16,938		19,100		17,566
Surplus/deficit	4,769		6,768		6,880
Opening balance sheet asset/provision (funded status)	4,769		6,768		6,880
Reconciliation of benefit obligation during the year
Projected benefit obligation at start of year	16,938		19,100		17,566
Net Service cost	213		263		436
Interest expense	52		29		50
Plan participant contributions	98		153		141
Net benefits paid to participants	(2,225)		(278)		(8)
Prior service costs	0		(123)		(698)
Actuarial losses/(gains)	(2,892)		(1,407)		(74)
Curtailment & Settlement	0		(194)		0
Reclassifications	0		0		(2)
Currency translation adjustment	(317)		(605)		1,689
Projected benefit obligation at end of year	11,867		16,938		19,100

Employee Benefit Plans - Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

Estimated amount to be amortized from accumulated OCI into NPBC over next fiscal year
Net loss (gain)	152		270		286
Unrecognized transition (asset)/obligation	0		0		0
Prior service cost/(credit)	(28)		(12)		61

Employee Benefit Plans - Schedule of Changes in Projected Benefit Obligations

Movement in Funded Status
USD'000
Fiscal year	2022		2021		2020
Opening balance sheet liability (funded status)	4,769		6,768		6,880
Net Service cost	213		263		436
Interest cost/(credit)	52		29		50
Expected return on Assets	(157)		(177)		(167)
Amortization on Net (gain)/loss	152		270		284
Amortization on Prior service cost/(credit)	(28)		(12)		61
Settlement / curtailment cost / (credit)	0		(194)		0
Currency translation adjustment	(5)		6		20
Total Net Periodic Benefit Cost/(credit)	227		185		684
Actuarial (gain)/loss on liabilities due to experience	109		(342)		(72)
Actuarial gain/loss on liab. from changes to fin. assump	(3,001)		(420)		0
Actuarial (gain)/loss on liab. from changes to demo. assump	0		(645)		0
Return in plan assets, excl. amounts included in net interest	82		224		(29)
Prior service cost/(credit)	0		(123)		(698)
Amortization on Net (gain)/loss	(152)		(270)		(284)
Amortization on Prior service cost/(credit)	28		12		(61)
Currency translation adjustment	0		(8)		(45)
Total gain/loss recognized via OCI	(2,934)		(1,572)		(1,189)

Employee Benefit Plans - Schedule of Future Contributions Payable

The table below shows the breakdown of expected future contributions payable to the Plan :

Employee Benefit Plans - Schedule of Future Contributions Payable

Period USD'000	France		Switzerland
2023	26		369
2024	8		363
2025	29		2,070
2026	50		498
2027	49		561
2028 to 2032	331		2,737

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

+ References

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-Name Accounting Standards Codification
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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

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-Publisher FASB
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Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

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-SubTopic 20
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Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

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