7 Net current operating assets
Operating assets and liabilities changed as follows in the first three months of 2023:
In CHF million |
1.01.2023 |
Operational changes |
Other changes 1 |
31.03.2023 |
||||
---|---|---|---|---|---|---|---|---|
Trade receivables | 2,255 | (55) | 8 | 2,208 | ||||
Other operating assets | 1,353 | 229 | 6 | 1,588 | ||||
Trade payables | (1,674) | 67 | (9) | (1,616) | ||||
Other operating liabilities | (1,571) | (13) | (9) | (1,593) | ||||
Total operating assets and liabilities, net | 363 | 228 | (4) | 587 | ||||
1 Foreign currency translation and adjustments from acquisition and sale of subsidiaries.
|
Other operating assets and liabilities
In CHF million | 31.03.2023 | 31.12.2022 | ||
---|---|---|---|---|
Other operating assets | ||||
Contract assets | 174 | 178 | ||
Contract costs | 281 | 278 | ||
Inventories | 193 | 162 | ||
Prepaid expenses | 650 | 514 | ||
Other operating assets | 290 | 221 | ||
Total other operating assets | 1,588 | 1,353 | ||
Other operating liabilities | ||||
Contract liabilities | 1,028 | 1,084 | ||
Accruals for variable performance-related bonus | 179 | 149 | ||
Other operating liabilities | 386 | 338 | ||
Total other operating liabilities | 1,593 | 1,571 |