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7 Operating net working capital

Operating assets and liabilities changed as follows in the first three months of 2021:


In CHF million
 
31.12.2020
  Operational
changes
  Other
changes 1
 
31.03.2021
Trade receivables   2,132   331   20   2,483
Other operating assets   1,029   68   7   1,104
Trade payables   (1,525)   (90)   (20)   (1,635)
Other operating liabilities   (1,269)   (296)   (21)   (1,586)
Total operating assets and liabilities, net   367   13   (14)   366
1 Foreign currency translation and adjustments from acquisition and sale of subsidiaries.

Other operating assets and liabilities

In CHF million   31.03.2021   31.12.2020
         
Other operating assets
Contract assets   149   153
Contract costs   226   224
Inventories   130   120
Prepaid expenses   458   349
Other operating assets   141   183
Total other operating assets   1,104   1,029
         
Other operating liabilities
Contract liabilities   992   737
Accruals for variable performance-related bonus   190   160
Other operating liabilities   404   372
Total other operating liabilities   1,586   1,269