7 Net current operating assets
Operating assets and liabilities changed as follows in the first nine months of 2025:
In CHF million |
1.1.2025 |
Operational changes |
Other changes 1 |
30.9.2025 |
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|---|---|---|---|---|---|---|---|---|
| Trade receivables | 2,866 | (178) | (8) | 2,680 | ||||
| Other operating assets | 1,739 | 24 | (2) | 1,761 | ||||
| Trade payables | (2,647) | 180 | 9 | (2,458) | ||||
| Other operating liabilities | (1,980) | 27 | 18 | (1,935) | ||||
| Total operating assets and liabilities, net | (22) | 53 | 17 | 48 | ||||
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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 | 30.9.2025 | 31.12.2024 | ||
|---|---|---|---|---|
| Other operating assets | ||||
| Contract assets | 189 | 182 | ||
| Contract costs | 500 | 508 | ||
| Other receivables | 135 | 109 | ||
| Inventories | 234 | 271 | ||
| Prepaid expenses | 533 | 514 | ||
| Other operating assets | 170 | 155 | ||
| Total other operating assets | 1,761 | 1,739 | ||
| Other operating liabilities | ||||
| Contract liabilities | 1,171 | 1,259 | ||
| Accruals for variable performance-related bonus | 134 | 193 | ||
| Value-added taxes payable | 149 | 86 | ||
| Other operating liabilities | 481 | 442 | ||
| Total other operating liabilities | 1,935 | 1,980 | ||