Chart

15  Trade accounts receivable

 

01.01.2017 
(Restated)

31.12.2017 
(Restated)

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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