Chart

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.

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