About the financials |
12 Months Ended |
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Dec. 31, 2023 | |
| Disclosure Of Basis Of Preparation [Abstract] | |
| About the financials | 1.1 Corporate information On is engaged in developing and distributing innovative premium performance sports products, sold worldwide through independent retailers and global distributors, an own online presence, and its own high-end stores. On is a publicly traded company on the New York Stock Exchange, trading under the ticker symbol "NYSE: ONON". These consolidated financial statements (“the financials”) have been prepared in accordance with International Financial Reporting Standards ("IFRS") and interpretations developed by the IFRS Interpretations Committee (IFRIC Interpretations), or its predecessor body, the Standing Interpretations Committee (SIC Interpretations), together “IFRS Accounting Standards”, as issued by the International Accounting Standards Board (IASB), and present the financial position and the results of operations of On Holding AG, as the ultimate parent company, and its subsidiaries. On Holding AG is a limited company incorporated in accordance with Swiss law under a private statute and is domiciled at Förrlibuckstrasse 190, Zurich, Switzerland. These annual consolidated financial statements for the year ended December 31, 2023 were authorized for issue by the board of directors of the Company on March 12, 2024. 1.2 About the financials The financials of On •Have been prepared in accordance with IFRS Accounting Standards, as issued by the IASB. •Include the values of On Holding AG and its domestic and foreign subsidiaries as at December 31, 2023 over which On Holding AG exercised direct or indirect control. •The fiscal year corresponds to the calendar year. •Present note disclosures related to the consolidated balance sheets as at December 31 and consolidated statements of income / (loss), comprehensive income / (loss), cash flows, and changes in equity for the respective year. •Are published in Swiss Francs (CHF), the presentation currency of On Holding AG, rounded to millions (“m”), unless otherwise stated. Due to rounding, figures in the financials may not add up exactly to the sum given. •Use the historical cost convention except for items that are required to be accounted for at fair value. •Classify assets as current if they are expected to be recovered within twelve months from the reporting date. •Classify liabilities as current if they are expected to be settled within twelve months from the reporting date. •Present the applicable accounting policy within the respective note disclosures.
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