14 Trade receivables

(CHF million)

 

31.12.2021

 

31.12.2020

Trade receivables, gross 1)

 

79.1

 

73.1

Allowance for expected credit loss

 

–0.5

 

–1.3

Trade receivables, net

 

78.6

 

71.8

1) Trade receivables include an amount of CHF 9.1 million due from Swiss (2020: CHF 7.2 million). In the period between the reporting date and the preparation of the 2021 consolidated financial statements, Swiss paid the outstanding amount arising from flight operations charges as at 31 December 2021 in full.

Geographical distribution of trade receivables:

(CHF million)

 

31.12.2021

 

31.12.2020

Switzerland

 

33.2

 

31.5

Europe

 

2.8

 

1.9

Other

 

0.9

 

1.8

Total aviation

 

36.9

 

35.3

Switzerland

 

34.2

 

31.6

Europe

 

0.1

 

0.1

Latin America

 

7.7

 

6.0

Other

 

0.2

 

0.2

Total non-aviation

 

42.2

 

37.8

Total trade receivables, gross

 

79.1

 

73.1

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

(CHF million)

 

 

 

 

 

 

 

 

 

31.12.2021

 

 

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

 

68.2

 

6.6

 

2.8

 

1.5

 

79.1

Expected credit loss

 

–0.2

 

–0.1

 

–0.1

 

–0.1

 

–0.5

(CHF million)

 

 

 

 

 

 

 

 

 

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

 

48.8

 

2.4

 

1.5

 

20.3

 

73.1

Expected credit loss

 

–0.2

 

–0.0

 

–0.1

 

–1.0

 

–1.3

In almost all cases, receivables not past due concern long-standing client relationships. Based on past experience, the Zurich Airport Group does not expect any additional credit losses.