Chart

14 Trade accounts receivable

 

2015

2016

CHF 1,000

 

 

Trade accounts receivable

 

 

 Denominated in CHF

 22,121 

27,456

 Denominated in EUR

 20,241 

19,533

 Denominated in GBP

 3,199 

1,996

 Denominated in USD

 37,029 

40,856

 Denominated in JPY

 1,756 

2,369

 Denominated in other currencies

 5,099 

4,988

 Subtotal trade accounts receivable

 89,445 

97,198

 

 

 

Allowance for doubtful accounts

 

 

 Individual impairment allowance account

 (1,831) 

(1,851)

 Collective impairment allowance account

 (199) 

(360)

 Subtotal allowance for doubtful accounts

 (2,030) 

(2,211)

 

 

 

Construction contracts in progress

 

 

 Aggregate amount of cost incurred and recognized profits

 2,830 

15,915

 Allowance

(1,247)

 Amounts of advances received

 (955) 

(12,610)

 Subtotal construction contracts in progress

 1,875 

2,058

 

 

 

Balance at December 31

 89,290 

97,045

 

 

 

(Decrease)/increase

 (12,764) 

4,529

Acquisition through business combination

 6,584 

3,180

Translation differences

 (2,479) 

46

Total change compared with previous year

 (8,659) 

7,755

 

 

 

Amount of contract revenue recognized as sales in the statement of

 profit or loss relating to construction contracts

 3,455 

7,074

 

The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region was:

 

 

2015

2016

CHF 1,000

 

 

Switzerland (domestic)

 4,157 

3,329

Euro-zone countries

 26,159 

20,744

Other European countries 

 7,757 

7,509

North America 

 40,436 

55,089

Asia

 8,027 

9,153

Other

 2,909 

1,374

 

 

 

Balance at December 31

 89,445 

97,198

 

The Group’s most significant customer accounts for 11.3% of the trade accounts receivable carrying amount at December 31, 2016 (December 31, 2015: 8.6%).

 

The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:

 

 

2015

2016

CHF 1,000

 

 

Individual impairment allowance account

 

 

Balance at January 1

 (1,542) 

(1,831)

Change in impairment losses

 (424) 

(74)

Write-offs

 30 

73

Translation differences

 105 

(19)

 

 

 

Balance at December 31

 (1,831) 

(1,851)

 

 

 

Amount of trade accounts receivable with individual impairment (gross)

 1,928 

1,936

 

 

 

Collective impairment allowance account

 

 

Balance at January 1

 (233) 

(199)

Change in impairment losses

 15 

(163)

Translation differences

 19 

2

 

 

 

Balance at December 31

 (199) 

(360)

 

The due dates of trade accounts receivable that are not individually impaired were:

 

 

2015

2016

CHF 1,000

Gross

Impairment

Gross

Impairment

Not past due

 59,434 

 (38) 

82,298

(38)

Past due 1 – 30 days

 22,660 

11,137

Past due 31 – 90 days

 5,000 

2,327

Past due 91 – 360 days

 433 

 (134) 

(350)

(321)

Past due more than one year

 (10) 

 (27) 

(150)

(1)

 

 

 

 

 

Balance at December 31

 87,517 

 (199) 

95,262

(360)

 

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 2015 and 2016 represents less than 1% of sales.

 

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