22. Income Taxes

Loss carryforwards amounted to CHF 8.0 million (2021: CHF 9.0 million) in total at the end of the reporting year. No loss carryforwards were included in the calculation of the deferred income tax assets (2021: CHF 0.0 million). The impact on the tax on earnings of unrecognised loss carryforwards was CHF 3.9 million in the reporting year (2021: CHF 2.2 million). In the reporting year CHF 2.8 million unrecognised loss carryforwards were used (2021: CHF 6.0 million). There was an impact of CHF -0.7 million in the reporting year on income taxes due to the use of unrecognized losses carried forward (2021: CHF -1.1 million). In the reporting year, as in the previous year, there was no impact due to the use or expiry of unrecognised loss carryforwards.

The country-specific tax rates that apply to the calculation of the deferred taxes on earnings range from 11.6% to 25.0% (2021: 11.6% to 25.0%). The weighted average tax rate to be applied based on the ordinary result is 17.5% (2021: 19.1%).