22Other receivables
|
CHF thousand |
31.12.2022 |
31.12.2021 |
|
|
|
|
|
Other receivables |
134,285 |
107,205 |
|
Current income tax receivables |
18,042 |
1,046 |
|
VAT receivables |
15,895 |
8,421 |
|
Advance payments for inventories |
14,234 |
11,033 |
|
Security deposits paid |
74,322 |
66,874 |
|
Other receivables |
11,792 |
19,831 |
In the Market Italy segment there was an increase in income tax receivables compared with the previous year owing to the use of a company’s existing loss carryforwards in 2022. The prepayments made in 2022 exceed the tax accrual for the year under review.
Security deposits paid contains security deposits paid in connection with trading activities.
Other receivables include accrued revenues from long-term contracts amounting to CHF 0 (prior year: CHF 17,260 thousand) less advance payments of CHF 0 thousand (prior year: CHF 13,461 thousand) received, balances from excise tax of CHF 2,690 thousand (prior year: CHF 340 thousand) and CHF 5,276 thousand (prior year: CHF 2,367 thousand) in receivables from subsidies in connection with the total modernisation of Robbia hydropower plant.
The receivables of CHF 10,321 thousand from the purchase price adjustment for transmission grids recognised the prior year as other receivables were paid in 2022 (see Note 4 and the Consolidated cash flow statement).