16 TRADE ACCOUNTS RECEIVABLE
| 31.12.2019 | 31.12.2020 |
CHF 1,000 |
|
|
Trade accounts receivable |
|
|
Denominated in CHF | 32,293 | 28,836 |
Denominated in EUR | 22,463 | 27,086 |
Denominated in GBP | 4,527 | 4,874 |
Denominated in USD | 51,661 | 54,256 |
Denominated in CNY | 3,290 | 1,292 |
Denominated in JPY | 3,392 | 3,975 |
Denominated in other currencies | 5,869 | 4,114 |
Subtotal trade accounts receivable | 123,495 | 124,433 |
|
|
|
Allowance for expected credit losses |
|
|
Individual impairment allowance account | (430) | (299) |
Collective impairment allowance account | (1,548) | (1,334) |
Subtotal allowance for expected credit losses | (1,978) | (1,633) |
|
|
|
Total trade accounts receivable | 121,517 | 122,800 |
|
|
|
Net increase | 16,625 | 5,737 |
Acquisition through business combination | 1,106 | - |
Translation differences | (1,657) | (4,454) |
Total change compared with previous year | 16,074 | 1,283 |
The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region was:
| 31.12.2019 | 31.12.2020 |
CHF 1,000 |
|
|
Switzerland (domestic) | 4,537 | 2,885 |
Euro-zone countries | 39,266 | 36,372 |
Other European countries | 4,026 | 6,371 |
North America | 61,723 | 68,180 |
Asia | 12,949 | 9,725 |
Other | 994 | 900 |
|
|
|
Total trade accounts receivable (excluding allowances) | 123,495 | 124,433 |
The Group’s most significant customer accounts for 9.6% of the trade accounts receivable carrying amount at December 31, 2020 (December 31, 2019: 9.4%).
The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:
| 2019 | 2020 |
CHF 1,000 |
|
|
Individual impairment allowance account |
|
|
Balance at January 1 | (1,107) | (430) |
Change in impairment losses | (80) | (140) |
Write-offs | 756 | 253 |
Translation differences | 1 | 18 |
|
|
|
Balance at December 31 | (430) | (299) |
|
|
|
Amount of trade accounts receivable with individual impairment (gross) | 58,904 | 62,244 |
|
|
|
Collective impairment allowance account |
|
|
Balance at January 1 | (2,439) | (1,548) |
Change in impairment losses | 865 | 164 |
Translation differences | 26 | 50 |
|
|
|
Balance at December 31 | (1,548) | (1,334) |
The due dates of trade accounts receivable that are collectively impaired were:
| 31.12.2019 | 31.12.2020 | ||
| Gross | Impairment | Gross | Impairment |
CHF 1,000 |
|
|
|
|
Not past due | 45,714 | (82) | 44,595 | (84) |
Past due 1 – 30 days | 9,415 | (56) | 9,137 | (56) |
Past due 31 – 90 days | 6,785 | (193) | 6,733 | (199) |
Past due 91 – 180 days | 2,159 | (541) | 1,033 | (391) |
Past due more than 180 days | 518 | (676) | 691 | (604) |
|
|
|
|
|
Total | 64,591 | (1,548) | 62,189 | (1,334) |
The Group did not experience any severe financial difficulties with its debtors in the past. The sum of all recognized final write-offs of trade accounts receivable in 2019 and 2020 represents less than 1% of sales.
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