Notes to the Consolidated Financial Statements

1. Basic information

2. Changes in Group structure

3. Summary of significant accounting policies

4. Risk assessment and management

5. Management of capital

6. Trade accounts receivable

  2020 2019
  MCHF MCHF
Trade accounts receivable 207.7 205.4
Allowances -12.7 -12.0
Total trade accounts receivable 195.0 193.4
  2020 2019
  MCHF MCHF
Total trade accounts receivable by currency    
CHF 9.7 8.1
EUR 59.8 65.8
USD 17.9 22.0
GBP 28.1 17.9
SEK 22.3 15.2
DKK 12.5 15.2
NOK 12.7 12.4
PLN 4.1 6.8
Other 27.9 30.0
Total trade accounts receivable 195.0 193.4

The following table shows the movements of allowances for trade accounts receivable:

  2020 2019
  MCHF MCHF
Allowances for trade accounts receivable    
1 January 12.0 11.0
Additions 3.5 5.0
Used -0.3 -2.9
Reversed -2.1 -0.8
Translation differences -0.4 -0.3
31 December 12.7 12.0

As at 31 December, allowances for trade accounts receivable include individual allowances of MCHF 5.2 (PY: MCHF 3.9) and allowances for expected credit losses (ECL) of MCHF 7.5 (PY: MCHF 8.1).

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  2020 2019
  MCHF MCHF
Maturity analysis of trade accounts receivable    
Not due 128.5 141.1
Past due < 30 days 54.1 45.1
Past due < 60 days 11.6 6.0
Past due < 90 days 2.3 1.9
Past due < 120 days 1.7 2.1
Past due > 120 days 9.5 9.2
Allowances -12.7 -12.0
Total trade accounts receivable 195.0 193.4

The agreed payment terms range from 30 to 120 days.

7. Other current assets and current financial assets

8. Inventories

9. Property, plant and equipment

10. Other non-current assets and non-current financial assets

11. Goodwill and intangible assets

12. Short-term debt

13. Other current liabilities and provisions

14. Long-term debt

15. Financial instruments

16. Retirement benefit plans

17. Participation plans

18. Deferred tax assets and liabilities

19. Other non-current liabilities and provisions

20. Contingencies

21. Capital stock and treasury shares

22. Earnings per share

23. Other operating expenses, net

24. Financial result, net

25. Income tax expenses

26. Research and development cost

27. Free Cashflow

28. Segment reporting

29. Related party transactions

30. Foreign exchange rates

31. Subsequent events

32. Group companies as of 31 December 2020

Services

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