XML 71 R55.htm IDEA: XBRL DOCUMENT v3.24.2

Employee benefit plans (Tables)

12 Months Ended

Dec. 31, 2023

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	2023		2022		2021
Wages and Salaries	6,214		4,286		4,345
Social security contributions	2,319		1,940		2,049
Net service costs	38		42		68
Total	8,571		6,268		6,462

Employee Benefit Plans - Schedule of Assumptions Used

	As at December 31,		As at December 31,		As at December 31,
Assumptions	2023		2022		2021
	France		France		France
Discount rate	3.05%		3.65%		0.75%
Expected rate of return on plan assets	n/a		n/a		n/a
Salary increases	3%		3%		3%

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

Reconciliation to Balance Sheet start of year
USD'000
Fiscal year	2023		2022		2021
Projected benefit obligation	396		575		1,015
Surplus / deficit	396		575		1,015
Opening balance sheet asset / provision (funded status)	396		575		1,015
Reconciliation of benefit obligation during the year
Projected benefit obligation at start of year	396		575		1,015
Net service cost	38		43		71
Interest expense	14		4		3
Net benefits paid to participants	(22)		(24)		(116)
Actuarial losses / (gains)	(11)		(170)		(141)
Curtailment & settlement	0		0		(187)
Currency translation adjustment	11		(32)		(70)
Projected benefit obligation at end of year	426		396		575
Reconciliation to balance sheet end of year
Defined benefit obligation - funded plans	426		396		575
Surplus / deficit	426		396		575
Closing balance sheet asset / provision (funded status)	426		396		575
Amounts recognized in accumulated other comprehensive income / (loss)
Net loss / (gain)	(385)		(364)		(205)
Deficit	(385)		(364)		(205)
Estimated amount to be amortized from accumulated other comprehensive income / (loss) into NPBC over next fiscal year
Net loss / (gain)	47		52		51

Employee Benefit Plans - Schedule of Changes in Projected Benefit Obligations

Movement in Funded Status
USD'000
Fiscal year	2023		2022		2021
Opening balance sheet liability (funded status)	396		575		1,015
Net service cost	38		43		71
Interest cost / (credit)	14		4		3
Settlement / curtailment cost / (credit)	—		—		(194)
Currency translation adjustment	—		—		(1)
Total net periodic benefit cost / (credit)	52		47		(121)
Actuarial (gain) / loss on liabilities due to experience	(11)		(170)		(142)
Total (gain) / loss recognized via OCI	(11)		(170)		(142)
Employer contributions paid in the year + Cashflow required to pay benefit payments	(22)		(24)		(116)
Total cashflow	(22)		(24)		(116)
Currency translation adjustment	11		(32)		(61)
Closing balance sheet liability (funded status)	426		396		575
Reconciliation of Net gain / loss
Amount at beginning of year	(364)		(205)		(68)
Liability (gain) / loss	(11)		(170)		(142)
Currency translation adjustment	(10)		11		5
Amount at December 31,	(385)		(364)		(205)

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
2024	38
2025	—
2026	53
2027	52
2028	42
2029 to 2033	347

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (b)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (a)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (f)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration