7 Net current operating assets
Operating assets and liabilities changed as follows in the first six months of 2025:
In CHF million |
1.1.2025 |
Operational changes |
Other changes 1 |
30.6.2025 |
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|---|---|---|---|---|---|---|---|---|
| Trade receivables | 2,866 | (116) | (9) | 2,741 | ||||
| Other operating assets | 1,739 | 146 | (4) | 1,881 | ||||
| Trade payables | (2,647) | 21 | 12 | (2,614) | ||||
| Other operating liabilities | (1,963) | 53 | 19 | (1,891) | ||||
| Total operating assets and liabilities, net | (5) | 104 | 18 | 117 | ||||
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1 Foreign currency translation and adjustments from acquisition and sale of subsidiaries.
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Other operating assets and liabilities
| In CHF million | 30.6.2025 | 31.12.2024 | ||
|---|---|---|---|---|
| Other operating assets | ||||
| Contract assets | 192 | 182 | ||
| Contract costs | 485 | 508 | ||
| Other receivables | 124 | 109 | ||
| Inventories | 272 | 271 | ||
| Prepaid expenses | 589 | 514 | ||
| Other operating assets | 219 | 155 | ||
| Total other operating assets | 1,881 | 1,739 | ||
| Other operating liabilities | ||||
| Contract liabilities | 1,177 | 1,242 | ||
| Accruals for variable performance-related bonus | 91 | 193 | ||
| Value-added taxes payable | 112 | 86 | ||
| Other operating liabilities | 511 | 442 | ||
| Total other operating liabilities | 1,891 | 1,963 | ||