Flughafen Zürich AG - Annual Report 2020

14 Trade receivables

(CHF 1,000)	31.12.2020	31.12.2019
Trade receivables, gross 1)	73,059	112,805
Allowance for expected credit loss	–1,280	–616
Trade receivables, net	71,779	112,189

1) Trade receivables include an amount of CHF 7.2 million due from Swiss (2019: CHF 18.8 million). In the period between the reporting date and the preparation of the 2020 annual report, Swiss paid the outstanding amount arising from flight operations charges as at 31 December 2020 in full, with the exception of the air traffic control charges for which it was granted an extension of the period for payment until some time in the course of the financial year 2021 in light of the coronavirus crisis.

Geographical distribution of trade receivables:

(CHF 1,000)	31.12.2020	31.12.2019
Switzerland	31,488	50,513
Europe	1,921	4,356
Other	1,846	809
Total aviation	35,255	55,678
Switzerland	31,557	52,545
Europe	52	110
Latin America	5,999	4,377
Other	196	95
Total non-aviation	37,804	57,127
Total trade receivables, gross	73,059	112,805

Expected credit losses on trade receivables are as follows for the reporting period and the previous year:

(CHF 1,000)					31.12.2020
	Not past due	Past due, 0 to 30 days	Past due, 31 to 60 days	Past due, more than 60 days	Total
Expected credit loss rate (in %)	0.3	1.5	3.0	5.0
Trade receivables, gross	48,804	2,395	1,541	20,319	73,059
Expected credit loss	–170	–37	–47	–1,026	–1,280

(CHF 1,000)					31.12.2019
	Not past due	Past due, 0 to 30 days	Past due, 31 to 60 days	Past due, more than 60 days	Total
Expected credit loss rate (in %)	0.3	1.5	3.0	5.0
Trade receivables, gross	94,505	14,754	1,499	2,047	112,805
Expected credit loss	–247	–221	–46	–102	–616

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.