13 Other receivables, prepaid expenses and contract assets
|
in CHF 1,000 |
2021 |
2020 |
|
|
|
|
|
Other receivables |
87,170 |
60,967 |
|
– thereof financial assets: 27,919 (prior year: 15,748) |
|
|
|
Indemnification assets |
6,586 |
3,290 |
|
Prepaid expenses |
26,033 |
28,966 |
|
Contract assets |
55,499 |
58,206 |
|
|
|
|
|
Current other receivables, prepaid expenses and contract assets |
175,288 |
151,429 |
|
Other receivables |
87,446 |
64,833 |
|
– thereof financial assets: 77,956 (prior year: 56,897) |
|
|
|
Indemnification assets |
– |
2,770 |
|
|
|
|
|
Non-current other receivables |
87,446 |
67,603 |
|
|
|
|
|
Total other receivables, prepaid expenses and contract assets |
262,734 |
219,032 |
Contract assets are initially recognized for services as receipt of consideration is conditional on successful completion of the service. Upon completion of the service and acceptance by the customer, the amounts recognized as contract assets are reclassified to trade receivables.
Other receivables mainly include VAT and other sales tax receivables.
Indemnification assets are related to the acquisition of COMPAREX group to the amount of TCHF 4,303 (prior year: TCHF 5,591) and others to the amount of TCHF 2,283 (prior year: TCHF 469). In 2021, the group received payments for an amount of TCHF 1,896 from the previous shareholder of COMPAREX group (prior year: TCHF 4,724). The underlying risks that have been classified as contingent liabilities are recorded as provisions, refer to Note 18 Provisions.
In other current receivables an impairment of TCHF 0 is considered (prior year: TCHF 577).