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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).