21 Receivables from goods and services

 

31.12.2018

31.12.2017

CHF thousand

 

 

 

 

 

Trade accounts receivable

324,354

382,940

Trade accounts receivable

336,213

392,539

Allowances for doubtful accounts

–11,859

–9,599

 

 

 

Development of allowances for doubtful accounts

 

 

 

 

 

Carrying amount at 1 January

9,599

43,807

Additions

4,992

9,515

Utilisations

–2,206

–44,110

Reversals

–175

–3,527

Effect of currency translation

–351

3,914

End balance at 31 December

11,859

9,599

The stated receivables from goods and services also include claims on associates and joint ventures amounting to CHF 2,200 thousand (prior year: CHF 6,638 thousand).

Receivables from goods and services are measured by applying individual and lump-sum adjustments to the non-impaired positions based on their maturity structure and historical experience.

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