7 Net current operating assets
Operating assets and liabilities changed as follows in the first three months of 2022:
In CHF million |
1.01.2022 |
Operational changes |
Other changes 1 |
31.03.2022 |
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|---|---|---|---|---|---|---|---|---|
| Trade receivables | 2,315 | (59) | 1 | 2,257 | ||||
| Other operating assets | 1,179 | 226 | (1) | 1,404 | ||||
| Trade payables | (1,600) | 46 | – | (1,554) | ||||
| Other operating liabilities | (1,617) | 31 | (3) | (1,589) | ||||
| Total operating assets and liabilities, net | 277 | 244 | (3) | 518 | ||||
|
1 Foreign currency translation and adjustments from acquisition and sale of subsidiaries.
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Other operating assets and liabilities
| In CHF million | 31.03.2022 | 31.12.2021 | ||
|---|---|---|---|---|
| Other operating assets | ||||
| Contract assets | 186 | 174 | ||
| Contract costs | 275 | 263 | ||
| Inventories | 152 | 114 | ||
| Prepaid expenses | 551 | 430 | ||
| Other operating assets | 240 | 198 | ||
| Total other operating assets | 1,404 | 1,179 | ||
| Other operating liabilities | ||||
| Contract liabilities | 1,002 | 1,012 | ||
| Accruals for variable performance-related bonus | 202 | 172 | ||
| Other operating liabilities | 385 | 433 | ||
| Total other operating liabilities | 1,589 | 1,617 | ||