16 TRADE ACCOUNTS RECEIVABLE
| 31.12.2023 | 31.12.2024 |
CHF 1,000 |
|
|
Trade accounts receivable |
|
|
Denominated in CHF | 31,990 | 27,841 |
Denominated in EUR | 22,266 | 22,256 |
Denominated in GBP | 3,351 | 3,391 |
Denominated in USD | 95,517 | 89,299 |
Denominated in CNY | 882 | 887 |
Denominated in JPY | 3,040 | 2,956 |
Denominated in other currencies | 4,031 | 4,042 |
Subtotal trade accounts receivable | 161,077 | 150,672 |
|
|
|
Allowance for expected credit losses |
|
|
Individual impairment allowance account | (129) | (274) |
Collective impairment allowance account | (2,271) | (1,837) |
Subtotal allowance for expected credit losses | (2,400) | (2,111) |
|
|
|
Total trade accounts receivable | 158,677 | 148,561 |
|
|
|
Net increase/(decrease) | 13,452 | (13,825) |
Reclass to investments | – | (3,501) |
Translation differences | (11,610) | 7,210 |
Total change compared with previous year | 1,842 | (10,116) |
The maximum exposure to credit risk for trade accounts receivable at the reporting date by geographic region (location of the debtor) is:
| 31.12.2023 | 31.12.2024 |
CHF 1,000 |
|
|
Switzerland (domestic) | 18,445 | 18,460 |
Euro-zone countries | 27,384 | 25,512 |
Other European countries | 8,395 | 8,577 |
North America | 88,546 | 80,079 |
Asia | 14,880 | 14,967 |
Other | 3,427 | 3,077 |
|
|
|
Total trade accounts receivable (excluding allowances) | 161,077 | 150,672 |
The Group’s most significant customer accounts for 8.3% of the trade accounts receivable carrying amount on December 31, 2024 (December 31, 2023: 10.8%).
The movement in the allowance for impairment in respect of trade accounts receivable during the year was as follows:
| 2023 | 2024 |
CHF 1,000 |
|
|
Individual impairment allowance account |
|
|
Balance at January 1 | (332) | (129) |
Change in impairment losses | (274) | (510) |
Write-offs | 460 | 377 |
Translation differences | 17 | (12) |
|
|
|
Balance at December 31 | (129) | (274) |
|
|
|
Amount of trade accounts receivable with individual impairment (gross) | 74,647 | 83,181 |
|
|
|
Collective impairment allowance account |
|
|
Balance at January 1 | (2,650) | (2,271) |
Change in impairment losses | 209 | 532 |
Translation differences | 170 | (98) |
|
|
|
Balance at December 31 | (2,271) | (1,837) |
The due dates of trade accounts receivable that are collectively impaired are:
| 31.12.2023 | 31.12.2024 | ||
| Gross | Impairment | Gross | Impairment |
CHF 1,000 |
|
|
|
|
Not past due | 58,839 | (359) | 51’476 | (166) |
Past due 1 – 30 days | 16,724 | (110) | 7’727 | (40) |
Past due 31 – 90 days | 7,536 | (249) | 4’996 | (125) |
Past due 91 – 180 days | 2,386 | (526) | 1’887 | (395) |
Past due more than 180 days | 945 | (1,027) | 1’405 | (1’111) |
|
|
|
|
|
Total | 86,430 | (2,271) | 67’491 | (1’837) |
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 2023 and 2024 represents less than 1% of sales.