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7 Net current operating assets

Operating assets and liabilities changed as follows in the first three months of 2022:


In CHF million
 
1.01.2022
  Operational
changes
  Other
changes 1
 
31.03.2022
Trade receivables   2,315   (59)   1   2,257
Other operating assets   1,179   226   (1)   1,404
Trade payables   (1,600)   46     (1,554)
Other operating liabilities   (1,617)   31   (3)   (1,589)
Total operating assets and liabilities, net   277   244   (3)   518
1 Foreign currency translation and adjustments from acquisition and sale of subsidiaries.

Other operating assets and liabilities

In CHF million   31.03.2022   31.12.2021
         
Other operating assets
Contract assets   186   174
Contract costs   275   263
Inventories   152   114
Prepaid expenses   551   430
Other operating assets   240   198
Total other operating assets   1,404   1,179
         
Other operating liabilities
Contract liabilities   1,002   1,012
Accruals for variable performance-related bonus   202   172
Other operating liabilities   385   433
Total other operating liabilities   1,589   1,617