Accounting principles applied in the preparation of the consolidated financial statements (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Accounting Policy [Abstract]  
Summary of Useful Lives of Furniture Fixtures and Equipment

Furniture, fixtures and equipment are carried at cost less depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Depreciation is calculated using the straight-line method, on the basis of the following useful lives:

 

     furniture

 

5 years

     hardware

 

3 years

     leasehold improvement

 

duration of lease

Summary of Geographical Analysis of Assets

The geographical analysis of non-current assets is as follows:

 

 

 

As of December 31,

 

in USD ‘000

 

2021

 

 

2020

 

Switzerland

 

 

25,385

 

 

 

27,936

 

USA

 

 

89

 

 

 

543

 

Total non-current assets

 

 

25,474

 

 

 

28,479

 

 

 

Summary of Geographical Analysis of Operating Expenses

The geographical analysis of operating expenses is as follows:

 

 

 

Year ended December 31,

 

in USD ‘000

 

2021

 

 

2020

 

 

2019

 

Switzerland

 

 

68,977

 

 

 

77,476

 

 

 

102,492

 

USA

 

 

5,650

 

 

 

2,242

 

 

 

4,619

 

Total operating expenses

 

 

74,627

 

 

 

79,718

 

 

 

107,111