14 Trade receivables
|
|
|
|
|
|
|
(CHF million) |
|
31.12.2023 |
|
31.12.2022 |
|
Trade receivables, gross 1) |
|
109.1 |
|
93.8 |
|
Allowance for expected credit loss |
|
–0.4 |
|
–0.5 |
|
Trade receivables, net |
|
108.7 |
|
93.3 |
1) Trade receivables include an amount of CHF 19.4 million due from SWISS (2022: CHF 14.7 million). In the period between the reporting date and the preparation of the 2023 consolidated financial statements, SWISS paid the outstanding amount arising from flight operations charges as at 31 December 2023 in full.
Geographical distribution of trade receivables:
|
|
|
|
|
|
|
(CHF million) |
|
31.12.2023 |
|
31.12.2022 |
|
Switzerland |
|
44.2 |
|
39.1 |
|
Europe |
|
4.3 |
|
4.0 |
|
Other |
|
1.8 |
|
1.2 |
|
Total aviation |
|
50.3 |
|
44.3 |
|
Switzerland |
|
44.8 |
|
38.1 |
|
Europe |
|
0.0 |
|
0.0 |
|
Latin America |
|
13.4 |
|
11.1 |
|
Other |
|
0.6 |
|
0.3 |
|
Total non-aviation |
|
58.8 |
|
49.5 |
|
Total trade receivables, gross |
|
109.1 |
|
93.8 |
Expected credit losses on trade receivables are as follows for the reporting period and the previous year:
|
|
|
|
|
|
|
|
|
|
|
|
|
(CHF million) |
|
|
|
|
|
|
|
|
|
31.12.2023 |
|
|
|
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 |
|
101.1 |
|
6.5 |
|
0.9 |
|
0.6 |
|
109.1 |
|
Expected credit loss |
|
–0.3 |
|
–0.1 |
|
–0.0 |
|
–0.0 |
|
–0.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(CHF million) |
|
|
|
|
|
|
|
|
|
31.12.2022 |
|
|
|
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 |
|
83.0 |
|
6.0 |
|
1.6 |
|
3.3 |
|
93.8 |
|
Expected credit loss |
|
–0.2 |
|
–0.1 |
|
–0.0 |
|
–0.2 |
|
–0.5 |
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.
