- The Stories
- Investor Relations
- Corporate Governance
- 1 Group structure and shareholders
- 2 Capital structure
- 3 Board of Directors
- 4 Management
- 5 Content and method of determining compensation and stock option plans
- 6 Shareholders’ participation rights
- 7 Change of control and defense measures
- 8 Statutory auditors
- 9 Information policy
- 10 Blackout periods
- Compensation Report
- Financial Report 2023
- Chief Financial Officer’s Report
- Five-year consolidated data
- Consolidated financial statements
- Notes to the consolidated financial statements
- 1 Reporting entity
- 2 Summary of material accounting policies
- 3 Scope of consolidation
- 4 Sales – revenue from contracts with customers
- 5 Sales – income from operating lease arrangements (group as lessor)
- 6 Segment information
- 7 Operating expenses by nature
- 8 Research and development
- 9 Other operating result
- 10 Financial result
- 11 Earnings per share
- 12 Employee benefits
- 13 Income taxes
- 14 Cash and cash equivalents
- 15 Other current financial assets
- 16 Trade accounts receivable
- 17 Inventories
- 18 Non-current financial assets
- 19 Property, plant and equipment
- 20 Right-of-use assets (group as lessee)
- 21 Intangible assets and goodwill
- 22 Financial liabilities
- 23 Contract liabilities
- 24 Government grants
- Statutory Auditor´s Report on the Consolidated Financial Statements
- Balance sheet of Tecan Group Ltd.
- Income statement of Tecan Group Ltd.
- Notes to the financial statements of Tecan Group Ltd.
- 1 Reporting entity
- 2 Summary of significant accounting policies
- 3 Investments in subsidiaries
- 4 Bond
- 5 Provision for general business risks
- 6 Shareholders’ equity
- 7 Number of employees
- 8 Number of shares and share options
- 9 Guarantees in favor of third parties
- 10 Liabilities from lease arrangements not included in the balance sheet
- 11 Subsequent events
- 12 Information according to article 663c of the Swiss code of obligations
- Statutory Auditor`s Report on the Financial Statements of Tecan Group Ltd.
- Performance of the Tecan share in 2023
16 TRADE ACCOUNTS RECEIVABLE
| 31.12.2022 | 31.12.2023 |
CHF 1,000 |
|
|
Trade accounts receivable |
|
|
Denominated in CHF | 21,448 | 31,990 |
Denominated in EUR | 20,199 | 22,266 |
Denominated in GBP | 4,277 | 3,351 |
Denominated in USD | 105,943 | 95,517 |
Denominated in CNY | 630 | 882 |
Denominated in JPY | 1,982 | 3,040 |
Denominated in other currencies | 5,338 | 4,031 |
Subtotal trade accounts receivable | 159,817 | 161,077 |
|
|
|
Allowance for expected credit losses |
|
|
Individual impairment allowance account | (332) | (129) |
Collective impairment allowance account | (2,650) | (2,271) |
Subtotal allowance for expected credit losses | (2,982) | (2,400) |
|
|
|
Total trade accounts receivable | 156,835 | 158,677 |
|
|
|
Net increase | 30,320 | 13,452 |
Translation differences | (1,818) | (11,610) |
Total change compared with previous year | 28,502 | 1,842 |
The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region (location of the debtor) is:
| 31.12.2022 | 31.12.2023 |
CHF 1,000 |
|
|
Switzerland (domestic) | 15,306 | 18,445 |
Euro-zone countries | 25,643 | 27,384 |
Other European countries | 9,085 | 8,395 |
North America | 96,064 | 88,546 |
Asia | 10,267 | 14,880 |
Other | 3,452 | 3,427 |
|
|
|
Total trade accounts receivable (excluding allowances) | 159,817 | 161,077 |
The Group’s most significant customer accounts for 10.8% of the trade accounts receivable carrying amount on December 31, 2023 (December 31, 2022: 11.5%).
The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:
| 2022 | 2023 |
CHF 1,000 |
|
|
Individual impairment allowance account |
|
|
Balance at January 1 | (192) | (332) |
Change in impairment losses | (230) | (274) |
Write-offs | 87 | 460 |
Translation differences | 3 | 17 |
|
|
|
Balance at December 31 | (332) | (129) |
|
|
|
Amount of trade accounts receivable with individual impairment (gross) | 29,231 | 74,647 |
|
|
|
Collective impairment allowance account |
|
|
Balance at January 1 | (2,642) | (2,650) |
Change in impairment losses | (26) | 209 |
Translation differences | 18 | 170 |
|
|
|
Balance at December 31 | (2,650) | (2,271) |
The due dates of trade accounts receivable that are collectively impaired are:
| 31.12.2022 | 31.12.2023 | ||
| Gross | Impairment | Gross | Impairment |
CHF 1,000 |
|
|
|
|
Not past due | 97,425 | (495) | 58,839 | (359) |
Past due 1 – 30 days | 22,289 | (130) | 16,724 | (110) |
Past due 31 – 90 days | 6,172 | (101) | 7,536 | (249) |
Past due 91 – 180 days | 2,965 | (617) | 2,386 | (526) |
Past due more than 180 days | 1,735 | (1,307) | 945 | (1,027) |
|
|
|
|
|
Total | 130,586 | (2,650) | 86,430 | (2,271) |
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 2022 and 2023 represents less than 1% of sales.
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