17 Trade accounts receivable
Aging structure of trade accounts receivable
2025 | ||||||||
millions of CHF | Expected loss rate | Gross amount | Allowance | Net book value | ||||
Not past due | 0.1% | 43.9 | –0.0 | 43.9 | ||||
Past due | ||||||||
1–30 days | 0.1% | 5.6 | –0.0 | 5.6 | ||||
31–60 days | 0.1% | 0.7 | –0.0 | 0.7 | ||||
61–120 days | 1.5% | 0.1 | –0.0 | 0.1 | ||||
>120 days | 100.0% | 1.2 | –1.2 | 0.0 | ||||
Total trade accounts receivable as of December 31 | 51.6 | –1.3 | 50.3 | |||||
2024 | ||||||||
millions of CHF | Expected loss rate | Gross amount | Allowance | Net book value | ||||
Not past due | 0.0% | 35.9 | –0.0 | 35.9 | ||||
Past due | ||||||||
1–30 days | 0.8% | 5.6 | –0.0 | 5.5 | ||||
31–60 days | 0.0% | 1.0 | – | 1.0 | ||||
61–120 days | 2.0% | 0.4 | –0.0 | 0.4 | ||||
>120 days | 39.0% | 1.4 | –0.5 | 0.8 | ||||
Total trade accounts receivable as of December 31 | 44.4 | –0.6 | 43.8 | |||||
Allowance for doubtful trade accounts receivable
millions of CHF | 2025 | 2024 | |||
Balance as of January 1 | 0.6 | 1.3 | |||
Additions | 0.8 | 0.3 | |||
Released as no longer required | –0.1 | –0.8 | |||
Utilized | –0.0 | –0.1 | |||
Currency translation differences | –0.0 | 0.0 | |||
Balance as of December 31 | 1.3 | 0.6 |
Approximately 14.9% (2024: 19%) of the gross amount of trade accounts receivable was past due, and an allowance of CHF 1.3 million (2024: CHF 0.6 million) was recorded. The recoverability of trade accounts receivable is regularly reviewed, and the credit quality of new customers is thoroughly assessed. Due to the large and heterogeneous customer base, the credit risk from individual customers of the group is limited. The allowance for doubtful trade accounts receivable is based on expected credit losses. These are based on historical observed default rates over the expected life of the trade receivables and are adjusted for forward-looking information such as gross domestic product (GDP) forecasts.
Trade accounts receivable by geographical location
millions of CHF | 2025 | 2024 | ||
Europe, the Middle East and Africa | 27.9 | 26.0 | ||
– thereof Germany | 12.6 | 12.3 | ||
– thereof Switzerland | 12.2 | 9.9 | ||
Americas | 17.8 | 14.3 | ||
Asia-Pacific | 4.7 | 3.5 | ||
Total as of December 31 | 50.3 | 43.8 |