7 Operating net working capital
Operating assets and liabilities changed as follows in the first three months of 2021:
In CHF million |
31.12.2020 |
Operational changes |
Other changes 1 |
31.03.2021 |
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|---|---|---|---|---|---|---|---|---|
| Trade receivables | 2,132 | 331 | 20 | 2,483 | ||||
| Other operating assets | 1,029 | 68 | 7 | 1,104 | ||||
| Trade payables | (1,525) | (90) | (20) | (1,635) | ||||
| Other operating liabilities | (1,269) | (296) | (21) | (1,586) | ||||
| Total operating assets and liabilities, net | 367 | 13 | (14) | 366 | ||||
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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 | 31.03.2021 | 31.12.2020 | ||
|---|---|---|---|---|
| Other operating assets | ||||
| Contract assets | 149 | 153 | ||
| Contract costs | 226 | 224 | ||
| Inventories | 130 | 120 | ||
| Prepaid expenses | 458 | 349 | ||
| Other operating assets | 141 | 183 | ||
| Total other operating assets | 1,104 | 1,029 | ||
| Other operating liabilities | ||||
| Contract liabilities | 992 | 737 | ||
| Accruals for variable performance-related bonus | 190 | 160 | ||
| Other operating liabilities | 404 | 372 | ||
| Total other operating liabilities | 1,586 | 1,269 | ||