13 Trade receivables
|
(CHF 1,000) |
|
31.12.2017 |
|
31.12.2016 |
|
Trade receivables 1) |
|
110,663 |
|
112,147 |
|
Impairment allowance |
|
–761 |
|
–1,282 |
|
Total trade receivables, net |
|
109,902 |
|
110,865 |
1) Trade receivables include an amount of CHF 27.1 million due from Swiss (2016: CHF 35.3 million). In the period between the balance sheet date and the preparation of the 2017 annual report, Swiss had paid the outstanding amount arising from airport charges in full as at 31 December 2017.
Geographical distribution of trade receivables:
|
(CHF 1,000) |
|
31.12.2017 |
|
31.12.2016 |
|
Switzerland |
|
41,927 |
|
46,970 |
|
Europe |
|
10,004 |
|
9,484 |
|
Other |
|
6,031 |
|
5,790 |
|
Total aviation |
|
57,962 |
|
62,244 |
|
Switzerland |
|
50,400 |
|
48,634 |
|
Europe |
|
247 |
|
93 |
|
India |
|
0 |
|
6 |
|
Latin America |
|
1,973 |
|
1,096 |
|
Other |
|
81 |
|
74 |
|
Total non-aviation |
|
52,701 |
|
49,903 |
|
Total trade receivables |
|
110,663 |
|
112,147 |
Classification of receivables by maturity as at the reporting date:
|
|
|
Trade receivables gross |
|
Individual allowance |
|
Collective allowance |
|
Trade receivables gross |
|
Individual allowance |
|
Collective allowance |
|
(CHF 1,000) |
|
31.12.2017 |
|
31.12.2017 |
|
31.12.2017 |
|
31.12.2016 |
|
31.12.2016 |
|
31.12.2016 |
|
Not past due |
|
88,719 |
|
–192 |
|
–418 |
|
104,647 |
|
–674 |
|
–522 |
|
Past due, 0 to 30 days |
|
12,269 |
|
–27 |
|
–58 |
|
4,273 |
|
–28 |
|
–21 |
|
Past due, 31 to 60 days |
|
1,428 |
|
–3 |
|
–7 |
|
1,021 |
|
–7 |
|
–5 |
|
Past due, more than 61 days |
|
8,247 |
|
–18 |
|
–38 |
|
2,206 |
|
–14 |
|
–11 |
|
Total |
|
110,663 |
|
–240 |
|
–521 |
|
112,147 |
|
–723 |
|
–559 |
The impairment allowance changed as follows in the reporting period:
|
|
|
Individual allowance |
|
Collective allowance |
|
Total allowance |
||||||
|
(CHF 1,000) |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
Balance as at 1 January |
|
–723 |
|
–491 |
|
–559 |
|
–490 |
|
–1,282 |
|
–1,282 |
|
Change |
|
483 |
|
–232 |
|
38 |
|
–69 |
|
520 |
|
–301 |
|
Balance as at 31 December |
|
–240 |
|
–723 |
|
–521 |
|
–559 |
|
–761 |
|
–1,282 |
In almost all cases, receivables not past due concern long-standing client relationships. Based on past experience, Flughafen Zürich AG does not expect any additional credit losses.
