Annual report 2023*

19 Other current receivables and prepaid expenses

millions of CHF

 

2023

 

2022

 

Taxes (VAT, withholding tax)

 

9.1

 

4.5

 

Derivative financial instruments

 

4.8

 

2.3

 

Indemnification assets

 

6.4

 

 

Other current receivables

 

0.7

 

1.4

 

Total other current receivables as of December 31

 

20.9

 

8.2

 

 

 

 

 

 

 

Prepaid expenses

 

5.4

 

7.6

 

Total prepaid expenses as of December 31

 

5.4

 

7.6

 

 

 

 

 

 

 

Total other current receivables and prepaid expenses as of December 31

 

26.3

 

15.8

 

Further details regarding derivative financial instruments are disclosed in note 26.

The group recognized indemnification assets in the amount of CHF 6.6 million as part of the acquisition of Qiaoyi (December 31, 2023: CHF 6.4 million). For more details, reference is made to note 4.