12. Other Current Assets
Audited information- Index
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Other current assets include the following:
in CHF m |
31.12.2017 |
31.12.2016 |
||
Other receivables |
264 |
238 |
||
Current financial assets |
62 |
47 |
||
Prepaid expenses and accrued income |
62 |
59 |
||
Total |
388 |
344 |
Other receivables include, among others, staff loans and advances, VAT and sales tax receivables.
Other receivables are recognized at amortized cost in the balance sheet.
Current financial assets are mainly made up of notes receivables and short-term loans. These are classified as loans and receivables and recognized at amortized cost in the balance sheet.
The book value of current financial assets, recognized at amortized cost, equals their fair value.
There was no impairment of current financial assets in 2017 and 2016.
Other receivables are denominated in the following currencies:
in CHF m |
31.12.2017 |
31.12.2016 |
||
CHF |
26 |
34 |
||
EUR |
93 |
70 |
||
USD |
15 |
14 |
||
JPY |
4 |
17 |
||
BRL |
24 |
23 |
||
CNY |
21 |
10 |
||
INR |
19 |
9 |
||
Other |
62 |
61 |
||
Total |
264 |
238 |
Current financial assets are denominated in the following currencies:
in CHF m |
31.12.2017 |
31.12.2016 |
||
CHF |
32 |
29 |
||
USD |
12 |
11 |
||
CNY |
16 |
6 |
||
EUR |
2 |
1 |
||
Total |
62 |
47 |
The maximum exposure to credit risk of other current assets at the reporting date is their fair value.