21 Trade accounts Receivable

 

31.12.2017

31.12.2016

CHF thousand

 

 

 

 

 

Trade accounts receivable

382,940

313,852

Trade accounts receivable

392,539

357,659

Allowances for doubtful accounts

–9,599

–43,807

 

 

 

Development of allowances for doubtful accounts

 

 

 

 

 

Carrying amount at 1 January

43,807

31,014

Additions

9,515

23,640

Utilisations

–44,110

–8,319

Reversals

–3,527

–2,272

Effect of currency translation

3,914

–256

End balance at 31 December

9,599

43,807

In 2017 impaired receivables were sold to a factoring company. This transaction resulted in a loss of TCHF 586 recognised under other operating expense in the Market Italy segment.

The stated trade accounts receivable also include claims on associates and joint ventures amounting to TCHF 7,081 (prior year: TCHF 4,431).

Trade accounts receivable are measured by applying individual and lump-sum adjustments to the non-impaired positions based on their maturity structure and historical experience.