15 Trade accounts receivable
| 01.01.2017 | 31.12.2017 | 31.12.2018 |
CHF 1,000 |
|
|
|
Trade accounts receivable |
|
|
|
Denominated in CHF | 27,456 | 32,120 | 26,765 |
Denominated in EUR | 19,533 | 23,256 | 21,322 |
Denominated in GBP | 1,996 | 2,914 | 2,963 |
Denominated in USD | 40,856 | 45,091 | 45,978 |
Denominated in JPY | 2,369 | 4,012 | 3,190 |
Denominated in other currencies | 4,988 | 7,734 | 8,771 |
Subtotal trade accounts receivable | 97,198 | 115,127 | 108,989 |
|
|
|
|
Allowance for expected credit losses |
|
|
|
Individual impairment allowance account | (1,851) | (3,033) | (1,107) |
Collective impairment allowance account | (360) | (533) | (2,439) |
Subtotal allowance for expected credit losses | (2,211) | (3,566) | (3,546) |
|
|
|
|
Total trade accounts receivable | 94,987 | 111,561 | 105,443 |
|
|
|
|
Increase/(decrease) |
| 16,196 | (6,657) |
Acquisition through business combination |
| – | 1,516 |
Translation differences |
| 378 | (977) |
Total change compared with previous year |
| 16,574 | (6,118) |
The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region was:
| 31.12.2017 | 31.12.2018 |
CHF 1,000 |
|
|
Switzerland (domestic) | 2,297 | 9,242 |
Euro-zone countries | 33,908 | 30,599 |
Other European countries | 5,540 | 2,630 |
North America | 60,225 | 54,244 |
Asia | 11,524 | 10,087 |
Other | 1,633 | 2,187 |
|
|
|
Total trade accounts receivable (excluding allowances) | 115,127 | 108,989 |
The Group’s most significant customer accounts for 7.6% of the trade accounts receivable carrying amount at December 31, 2018
(December 31, 2017: 13.6%).
The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:
| 2017 | 2018 |
CHF 1,000 |
|
|
Individual impairment allowance account |
|
|
Balance at January 1 | (1,851) | (3,033) |
Change in impairment losses | (1,464) | 1,481 |
Write-offs | 288 | 430 |
Translation differences | (6) | 15 |
|
|
|
Balance at December 31 | (3,033) | (1,107) |
|
|
|
Amount of trade accounts receivable with individual impairment (gross) | 3,107 | 47,342 |
|
|
|
Collective impairment allowance account |
|
|
Balance at January 1 | (360) | (533) |
Change in impairment losses | (150) | (1,927) |
Translation differences | (23) | 21 |
|
|
|
Balance at December 31 | (533) | (2,439) |
The due dates of trade accounts receivable that are collectively impaired were:
| 31.12.2017 | 31.12.2018 | ||
| Gross | Impairment | Gross | Impairment |
CHF 1,000 |
|
|
|
|
Not past due | 84,538 | – | 41,881 | (103) |
Past due 1 – 30 days | 21,284 | – | 11,600 | (63) |
Past due 31 – 90 days | 5,392 | – | 4,867 | (167) |
Past due 91 – 180 days | 1,347 | (523) | 1,407 | (390) |
Past due more than 180 days | (541) | (10) | 1,892 | (1,716) |
|
|
|
|
|
Balance at December 31 | 112,020 | (533) | 61,647 | (2,439) |
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 2017 and 2018 represents less than 1% of sales.
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