18 Trade and other receivables

In CHF million	31.12.2015	31.12.2014
Billed revenue	2,334	2,413
Accrued revenue	246	236
Allowances	(184)	(195)
Total trade receivables, net	2,396	2,454
Accruals from international roaming traffic	89	60
Receivables from debt-collection activities	9	26
Receivables from construction contracts	25	33
Other receivables	21	28
Allowances	(5)	(15)
Total other receivables, net	139	132
Total trade and other receivables	2,535	2,586

Trade receivables are the object of active credit risk management which focuses on the assessment of country risks, on-going review of credit risks and the monitoring of the receivables. Credit-risk concentrations in Swisscom are minimised due to the large number of customers. Risks are monitored by country. The adequacy of valuation allowances is assessed on the basis of numerous factors. Amongst these are ageing analyses of receivables, the current solvency of customers and experience from the past.

The geographical distribution of trade receivables is as follows:

In CHF million	31.12.2015	31.12.2014
Switzerland	1,836	1,759
Italy	715	854
Other countries	29	36
Total billed and accrued revenue	2,580	2,649
Switzerland	(58)	(51)
Italy	(125)	(140)
Other countries	(1)	(4)
Total allowance for receivables	(184)	(195)
Total trade receivables, net	2,396	2,454

Analysis of maturity and allowances

The due dates of trade receivables as well as the related allowances are to be analysed as follows:

	31.12.2015		31.12.2014
In CHF million	Gross amount	Allowance	Gross amount	Allowance
Not overdue	1,855	(7)	1,858	(8)
Past due up to 3 months	364	(5)	421	(6)
Past due 4 to 6 months	73	(5)	78	(6)
Past due 7 to 12 months	94	(28)	93	(31)
Past due over 1 year	194	(139)	199	(144)
Total	2,580	(184)	2,649	(195)

The table below presents the changes in allowances for trade and other receivables.

In CHF million	Trade receivables	Other receivables
Balance at 31 December 2013	164	16
Additions to allowances	93	1
Write-off of irrecoverable receivables subject to allowance	(60)	–
Release of unused allowances	(6)	(2)
Additions from business combinations	7	–
Foreign currency translation adjustments	(3)	–
Balance at 31 December 2014	195	15
Additions to allowances	84	1
Write-off of irrecoverable receivables subject to allowance	(78)	–
Release of unused allowances	(1)	(1)
Additions from business combinations	1	–
Disposals from sales of subsidiaries	(3)	(10)
Foreign currency translation adjustments	(14)	–
Balance at 31 December 2015	184	5

Construction contracts

Information on uncompleted construction contracts as of the balance sheet date is as follows:

In CHF million	2015	2014
Contract costs of current projects	88	104
Recognised gains less losses	(10)	6
Contract costs including share of gains and losses, net	78	110
Less progress billings	(62)	(79)
Total net receivables from construction contracts	16	31
Thereof receivables from construction contracts	25	33
Thereof liabilities from construction contracts	(9)	(2)

Advance payments received	52	72

In 2015, construction contracts generated net revenues of CHF 262 million (prior year: CHF 293 million).

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