Chart

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.

 

EN DE