21Trade accounts receivable
|
CHF thousand |
31.12.2023 |
31.12.2022 |
|
|
|
|
|
Trade accounts receivable |
90,200 |
152,965 |
|
Trade accounts receivable |
111,828 |
177,651 |
|
Allowances for doubtful accounts |
–21,628 |
–24,686 |
|
|
|
|
|
Development of allowances for doubtful accounts |
|
|
|
|
|
|
|
Carrying amount at 1 January |
–24,686 |
–14,474 |
|
Additions |
–3,115 |
–14,486 |
|
Utilisations |
4,375 |
1,947 |
|
Reversals |
418 |
1,458 |
|
Effect of currency translation |
1,380 |
869 |
|
End balance at 31 December |
–21,628 |
–24,686 |
The decline in trade accounts receivable stems mainly from the Market Italy segment’s sales business.
The stated receivables from goods and services also include claims on associates and joint ventures amounting to CHF 298 thousand (prior year: CHF 81 thousand).
The valuation of accounts receivable is conducted by means of specific allowances for doubtful accounts and a general allowance on accounts not individually assessed for impairment, based on their maturity structure and historical experience.