16 TRADE ACCOUNTS RECEIVABLE
| 31.12.2020 | 31.12.2021 |
CHF 1,000 |
|
|
Trade accounts receivable |
|
|
Denominated in CHF | 28,836 | 17,070 |
Denominated in EUR | 27,086 | 21,310 |
Denominated in GBP | 4,874 | 4,674 |
Denominated in USD | 54,256 | 81,337 |
Denominated in CNY | 1,292 | 434 |
Denominated in JPY | 3,975 | 3,130 |
Denominated in other currencies | 4,114 | 3,212 |
Subtotal trade accounts receivable | 124,433 | 131,167 |
|
|
|
Allowance for expected credit losses |
|
|
Individual impairment allowance account | (299) | (192) |
Collective impairment allowance account | (1,334) | (2,642) |
Subtotal allowance for expected credit losses | (1,633) | (2,834) |
|
|
|
Total trade accounts receivable | 122,800 | 128,333 |
|
|
|
Net increase/(decrease) | 5,737 | (26,628) |
Acquisition through business combination | - | 31,639 |
Translation differences | (4,454) | 522 |
Total change compared with previous year | 1,283 | 5,533 |
The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region (location of the debtor) is:
| 31.12.2020 | 31.12.2021 |
CHF 1,000 |
|
|
Switzerland (domestic) | 2,885 | 11,675 |
Euro-zone countries | 36,372 | 34,138 |
Other European countries | 6,371 | 10,050 |
North America | 68,180 | 66,074 |
Asia | 9,725 | 7,945 |
Other | 900 | 1,285 |
|
|
|
Total trade accounts receivable (excluding allowances) | 124,433 | 131,167 |
The Group’s most significant customer accounts for 8.3% of the trade accounts receivable carrying amount at December 31, 2021 (December 31, 2020: 9.6%).
The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:
| 2020 | 2021 |
CHF 1,000 |
|
|
Individual impairment allowance account |
|
|
Balance at January 1 | (430) | (299) |
Change in impairment losses | (140) | (86) |
Write-offs | 253 | 196 |
Translation differences | 18 | (3) |
|
|
|
Balance at December 31 | (299) | (192) |
|
|
|
Amount of trade accounts receivable with individual impairment (gross) | 62,244 | 19,144 |
|
|
|
Collective impairment allowance account |
|
|
Balance at January 1 | (1,548) | (1,334) |
Change in impairment losses | 164 | (1,328) |
Translation differences | 50 | 20 |
|
|
|
Balance at December 31 | (1,334) | (2,642) |
The due dates of trade accounts receivable that are collectively impaired are:
| 31.12.2020 | 31.12.2021 | ||
| Gross | Impairment | Gross | Impairment |
CHF 1,000 |
|
|
|
|
Not past due | 44,595 | (84) | 66,364 | (308) |
Past due 1 – 30 days | 9,137 | (56) | 29,466 | (166) |
Past due 31 – 90 days | 6,733 | (199) | 12,336 | (334) |
Past due 91 – 180 days | 1,033 | (391) | 2,870 | (847) |
Past due more than 180 days | 691 | (604) | 987 | (987) |
|
|
|
|
|
Total | 62,189 | (1,334) | 112,023 | (2,642) |
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 2020 and 2021 represents less than 1% of sales.
Follow Tecan