7 Net current operating assets
Operating assets and liabilities changed as follows in the first three months of 2023:
In CHF million |
1.01.2023 |
Operational changes |
Other changes 1 |
31.03.2023 |
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|---|---|---|---|---|---|---|---|---|
| Trade receivables | 2,255 | (55) | 8 | 2,208 | ||||
| Other operating assets | 1,353 | 229 | 6 | 1,588 | ||||
| Trade payables | (1,674) | 67 | (9) | (1,616) | ||||
| Other operating liabilities | (1,571) | (13) | (9) | (1,593) | ||||
| Total operating assets and liabilities, net | 363 | 228 | (4) | 587 | ||||
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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 | 31.03.2023 | 31.12.2022 | ||
|---|---|---|---|---|
| Other operating assets | ||||
| Contract assets | 174 | 178 | ||
| Contract costs | 281 | 278 | ||
| Inventories | 193 | 162 | ||
| Prepaid expenses | 650 | 514 | ||
| Other operating assets | 290 | 221 | ||
| Total other operating assets | 1,588 | 1,353 | ||
| Other operating liabilities | ||||
| Contract liabilities | 1,028 | 1,084 | ||
| Accruals for variable performance-related bonus | 179 | 149 | ||
| Other operating liabilities | 386 | 338 | ||
| Total other operating liabilities | 1,593 | 1,571 | ||