12. Other Current Assets
Audited information- Index
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Other current assets include the following:
31.12.2018 |
31.12.2017 |
|||
Other receivables |
248 |
264 |
||
Current financial assets |
66 |
62 |
||
Prepaid expenses and accrued income |
52 |
62 |
||
Total |
366 |
388 |
Other receivables include, among others, staff loans, deposits and advances, VAT and sales tax receivable.
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 recognized at amortized cost in the balance sheet. The book value of current financial assets equals their fair value.
Other receivables and other current financial assets are also subject to the impairment requirements of IFRS 9. The identified impairment loss for other receivables was immaterial.
There was no impairment of current financial assets in 2018 and 2017.
Other receivables are denominated in the following currencies:
31.12.2018 |
31.12.2017 |
|||
CHF |
11 |
26 |
||
EUR |
92 |
93 |
||
USD |
13 |
15 |
||
JPY |
3 |
4 |
||
BRL |
17 |
24 |
||
CNY |
11 |
21 |
||
INR |
32 |
19 |
||
Other |
69 |
62 |
||
Total |
248 |
264 |
Current financial assets are denominated in the following currencies:
31.12.2018 |
31.12.2017 |
|||
CHF |
38 |
32 |
||
USD |
11 |
12 |
||
CNY |
15 |
16 |
||
EUR |
1 |
2 |
||
Other |
1 |
— |
||
Total |
66 |
62 |
The maximum exposure to credit risk of other current assets at the reporting date is their fair value.
The International Financial Reporting Standards (IFRS) are international accounting standards. View entire glossary