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18 Trade and other receivables

In CHF million   31.12.2016   31.12.2015
Billed revenue   2,401   2,334
Accrued revenue   207   246
Allowances   (183)   (184)
Total trade receivables, net   2,425   2,396
Accruals from international roaming traffic   45   89
Receivables from debt-collection activities   9   9
Receivables from construction contracts   29   25
Other receivables   31   21
Allowances   (7)   (5)
Total other receivables, net   107   139
Total trade and other receivables   2,532   2,535

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   31.12.2016   31.12.2015
Switzerland   1,833   1,836
Italy   744   715
Other countries   31   29
Total billed and accrued revenue   2,608   2,580
Switzerland   (65)   (58)
Italy   (116)   (125)
Other countries   (2)   (1)
Total allowance for receivables   (183)   (184)
Total trade receivables, net   2,425   2,396

Analysis of maturity and allowances

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

  31.12.2016   31.12.2015

In CHF million
 
Gross amount
  Allowance
 
Gross amount
  Allowance
Not due   1,881   (7)   1,855   (7)
Past due up to 3 months   366   (3)   364   (5)
Past due 4 to 6 months   92   (7)   73   (5)
Past due 7 to 12 months   101   (25)   94   (28)
Past due over 1 year   168   (141)   194   (139)
Total   2,608   (183)   2,580   (184)

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


In CHF million
  Trade
receivables
  Other
receivables
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
Additions to allowances   95   3
Write-off of irrecoverable receivables subject to allowance   (92)   (1)
Release of unused allowances   (4)  
Balance at 31 December 2016   183   7

Construction contracts

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

In CHF million   2016   2015
Contract costs of current projects   79   88
Recognised gains less losses   (17)   (10)
Contract costs including share of gains and losses, net   62   78
Less progress billings   (47)   (62)
Total net receivables from construction contracts   15   16
Thereof receivables from construction contracts   29   25
Thereof liabilities from construction contracts   (14)   (9)
         
Advance payments received   36   52

In 2016, construction contracts generated net revenues of CHF 252 million (prior year: CHF 262 million).