13 Other receivables, prepaid expenses and contract assets
|
in CHF 1,000 |
2022 |
2021 |
|
|
|
|
|
Other receivables |
74,547 |
87,170 |
|
– thereof financial assets: 8,777 (prior year: 27,919) |
|
|
|
Indemnification assets |
2,091 |
6,586 |
|
Prepaid expenses |
37,409 |
26,033 |
|
Contract assets 1) |
88,217 |
72,952 |
|
|
|
|
|
Current other receivables, prepaid expenses and contract assets |
202,264 |
192,741 |
|
Other receivables |
191,244 |
87,446 |
|
– thereof financial assets: 182,171 (prior year: 77,956) |
|
|
|
Indemnification assets |
518 |
– |
|
|
|
|
|
Non-current other receivables |
191,762 |
87,446 |
|
|
|
|
|
Total other receivables, prepaid expenses and contract assets |
394,026 |
280,187 |
1) Prior-year figures restated, refer to Note 2 Change in accounting policies.
Contract assets are initially recognised 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 recognised as contract assets are reclassified to trade receivables.
Current other receivables mainly include VAT and other sales tax receivables.
Indemnification assets are related to acquisitions of prior periods in the amount of TCHF 2,609 (prior year: TCHF 6,586). In 2022, the group received payments of TCHF 1,698 from the previous shareholders of the acquired companies (prior year: TCHF 1,896). The underlying risks that have been classified as contingent liabilities are recorded as provisions, refer to Note 18 Provisions.
Other non-current receivables include TCHF 171,475 non-current trade receivables for multi-year contracts (prior year: TCHF 69,998)