16 TRADE ACCOUNTS RECEIVABLE
| 31.12.2018 | 31.12.2019 |
CHF 1,000 |
|
|
Trade accounts receivable |
|
|
Denominated in CHF | 26,765 | 32,293 |
Denominated in EUR | 21,322 | 22,463 |
Denominated in GBP | 2,963 | 4,527 |
Denominated in USD | 45,978 | 51,661 |
Denominated in CNY | 2,502 | 3,290 |
Denominated in JPY | 3,190 | 3,392 |
Denominated in other currencies | 6,269 | 5,869 |
Subtotal trade accounts receivable | 108,989 | 123,495 |
|
|
|
Allowance for expected credit losses |
|
|
Individual impairment allowance account | (1,107) | (430) |
Collective impairment allowance account | (2,439) | (1,548) |
Subtotal allowance for expected credit losses | (3,546) | (1,978) |
|
|
|
Total trade accounts receivable | 105,443 | 121,517 |
|
|
|
(Decrease)/increase | (6,657) | 16,625 |
Acquisition through business combination | 1,516 | 1,106 |
Translation differences | (977) | (1,657) |
Total change compared with previous year | (6,118) | 16,074 |
The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region was:
| 31.12.2018 | 31.12.2019 |
CHF 1,000 |
|
|
Switzerland (domestic) | 9,242 | 4,537 |
Euro-zone countries | 30,599 | 39,266 |
Other European countries | 2,630 | 4,026 |
North America | 54,244 | 61,723 |
Asia | 10,087 | 12,949 |
Other | 2,187 | 994 |
|
|
|
Total trade accounts receivable (excluding allowances) | 108,989 | 123,495 |
The Group’s most significant customer accounts for 9.4% of the trade accounts receivable carrying amount at December 31, 2019 (December 31, 2018: 7.6%).
The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:
| 2018 | 2019 |
CHF 1,000 |
|
|
Individual impairment allowance account |
|
|
Balance at January 1 | (3,033) | (1,107) |
Change in impairment losses | 1,481 | (80) |
Write-offs | 430 | 756 |
Translation differences | 15 | 1 |
|
|
|
Balance at December 31 | (1,107) | (430) |
|
|
|
Amount of trade accounts receivable with individual impairment (gross) | 47,342 | 58,904 |
|
|
|
Collective impairment allowance account |
|
|
Balance at January 1 | (533) | (2,439) |
Change in impairment losses | (1,927) | 865 |
Translation differences | 21 | 26 |
|
|
|
Balance at December 31 | (2,439) | (1,548) |
The due dates of trade accounts receivable that are collectively impaired were:
| 31.12.2018 | 31.12.2019 | ||
| Gross | Impairment | Gross | Impairment |
CHF 1,000 |
|
|
|
|
Not past due | 41,881 | (103) | 45,714 | (82) |
Past due 1 – 30 days | 11,600 | (63) | 9,415 | (56) |
Past due 31 – 90 days | 4,867 | (167) | 6,785 | (193) |
Past due 91 – 180 days | 1,407 | (390) | 2,159 | (541) |
Past due more than 180 days | 1,892 | (1,716) | 518 | (676) |
|
|
|
|
|
Total | 61,647 | (2,439) | 64,591 | (1,548) |
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 2018 and 2019 represents less than 1% of sales.
Follow Tecan