Chart

4  Revenue from contracts with customers

 

4.1  Disaggregation of revenue and reconciliation to segment information

 

Life Sciences Business

Partnering Business

Total 2017

 

Revenue contracts with 
customers

Leases

Sales 
Segment

Revenue contracts with 
customers
(Restated)

Leases

Sales 
Segment

 

(Restated)

Revenue contracts with 
customers (Restated)

Leases

Total sales

 

 

(Restated)

CHF 1,000

 

 

 

 

 

 

 

 

 

By regions 
  (location of customer)

 

 

 

 

 

 

 

 

 

Europe

101,084

722

101,806

107,142

107,142

208,226

722

208,948

Americas

133,100

133,100

102,743

102,743

235,843

235,843

Asia

59,847

59,847

28,958

28,958

88,805

88,805

Others

12,098

12,098

2,865

2,865

14,963

14,963

 

 

 

 

 

 

 

 

 

 

Total

306,129

722

306,851

241,708

241,708

547,837

722

548,559

 

 

 

 

 

 

 

 

 

 

By products and services

 

 

 

 

 

 

 

 

 

Products

241,472

241,472

186,953

186,953

428,425

428,425

Services

64,657

64,657

54,755

54,755

119,412

119,412

Leases

722

722

722

722

 

 

 

 

 

 

 

 

 

 

Total

306,129

722

306,851

241,708

241,708

547,837

722

548,559

 

 

 

 

 

 

 

 

 

 

By timing of revenue 

  recognition

 

 

 

 

 

 

 

 

 

Point in time

259,885

259,885

228,483

228,483

488,368

488,368

Over time

46,244

46,244

13,225

13,225

59,469

59,469

Leases

722

722

722

722

 

 

 

 

 

 

 

 

 

 

Total

306,129

722

306,851

241,708

241,708

547,837

722

548,559

 

 

Life Sciences Business

Partnering Business

Total 2018

 

Revenue contracts with 
customers

Leases

Sales 
Segment

Revenue contracts with 
customers

Leases

Sales 
Segment

Revenue contracts with 
customers

Leases

Total sales

CHF 1,000

 

 

 

 

 

 

 

 

 

By regions 
  (location of customer)

 

 

 

 

 

 

 

 

 

Europe

113,483

818

114,301

123,837

123,837

237,320

818

238,138

Americas

141,926

141,926

103,882

103,882

245,808

245,808

Asia

58,283

58,283

34,263

34,263

92,546

92,546

Others

13,724

13,724

3,579

3,579

17,303

17,303

 

 

 

 

 

 

 

 

 

 

Total

327,416

818

328,234

265,561

265,561

592,977

818

593,795

 

 

 

 

 

 

 

 

 

 

By products and services

 

 

 

 

 

 

 

 

 

Products

256,949

256,949

214,777

214,777

471,726

471,726

Services

70,467

70,467

50,784

50,784

121,251

121,251

Leases

818

818

818

818

 

 

 

 

 

 

 

 

 

 

Total

327,416

818

328,234

265,561

265,561

592,977

818

593,795

 

 

 

 

 

 

 

 

 

 

By timing of revenue

  ­recognition

 

 

 

 

 

 

 

 

 

Point in time

279,087

279,087

250,543

250,543

529,630

529,630

Over time

48,329

48,329

15,018

15,018

63,347

63,347

Leases

818

818

818

818

 

 

 

 

 

 

 

 

 

 

Total

327,416

818

328,234

265,561

265,561

592,977

818

593,795

4.2  Contract balances

 

01.01.2017

(Restated)

31.12.2017

(Restated)

31.12.2018

CHF 1,000

 

 

 

Trade accounts receivable (see note 15)

94,987

111,561

105,443

Contract assets

1,885

1,123

2,405

Current contract liabilities (see note 21)

(35,106)

(37,683)

(37,392)

Non-current contract liabilities (see note 21)

(46,945)

(38,960)

(34,799)

 

Trade accounts receivable are non-interest bearing and are generally on terms of 30 to 90 days. In 2018, CHF 3.5 million (2017: CHF 3.6 million) was recognized as allowance for expected credit losses.

 

Contract assets are initially recognized for revenue earned for the installation of complex instruments and for engineering services without delivery of instruments, if the contracts fulfill the criteria for revenue recognition over time. The amounts recognized as contract assets are reclassified to trade accounts receivable to the extent they are billed to the customer. There was no allowance for expected credit losses in 2017 and 2018.

 

Set out below is the amount of revenue recognized from

 

2017

2018

CHF 1,000

 

 

Amounts included in contract liabilities at the beginning of the year

36,480

36,953

Performance obligations satisfied in previous years

 

4.3  Performance obligations

The transaction price allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at December 31 are as follows:

 

 

31.12.2017

31.12.2018

 

Contract 

liabilities

Performance obligations not yet billed

Total remaining performance obligations

Contract

 liabilities

Performance 
obligations 
not yet billed

Total remaining 
performance obligations

CHF 1,000

 

 

 

 

 

 

Expected to be recognized

 

 

 

 

 

 

  Within one year

37,683

88,636

126,319

37,392

109,340

146,732

  More than one year

38,960

18,620

57,580

34,799

30,095

64,894

 

 

 

 

 

 

 

Total transaction price allocated

76,643

107,256

183,899

72,191

139,435

211,626