18 Other current receivables and prepaid expenses
|
millions of CHF |
|
2024 |
|
2023 |
|
|
Taxes (VAT, withholding tax) |
|
3.1 |
|
9.1 |
|
|
Derivative financial instruments |
|
1.0 |
|
4.8 |
|
|
Indemnification assets |
|
7.0 |
|
6.4 |
|
|
Other current receivables |
|
0.8 |
|
0.7 |
|
|
Total other current receivables as of December 31 |
|
11.8 |
|
20.9 |
|
|
|
|
|
|
|
|
|
Prepaid expenses |
|
5.9 |
|
5.4 |
|
|
Total prepaid expenses as of December 31 |
|
5.9 |
|
5.4 |
|
|
|
|
|
|
|
|
|
Total other current receivables and prepaid expenses as of December 31 |
|
17.7 |
|
26.3 |
|
Further details regarding derivative financial instruments are disclosed in note 27.
As part of the Qiaoyi acquisition in 2023, the group recorded indemnification assets related to specific risks for which the group provided contingent liabilities (recognized as provisions) and income tax liabilities. The indemnification assets are measured using the same measurement basis as for the contingent liabilities and income tax liabilities before reflecting management's assessment of collectability of the asset. As of December 31, 2024, the indemnification assets amounted to CHF 7.0 million (2023: CHF 6.4 million).