7 Net current operating assets
Operating assets and liabilities changed as follows in the first three months of 2025:
In CHF million |
1.1.2025 |
Operational changes |
Other changes 1 |
31.3.2025 |
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|---|---|---|---|---|---|---|---|---|
| Trade receivables | 2,866 | (118) | 16 | 2,764 | ||||
| Other operating assets | 1,739 | 183 | 13 | 1,935 | ||||
| Trade payables | (2,647) | (92) | (25) | (2,764) | ||||
| Other operating liabilities | (1,963) | (68) | (12) | (2,043) | ||||
| Total operating assets and liabilities, net | (5) | (95) | (8) | (108) | ||||
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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 | 31.3.2025 | 31.12.2024 | ||
|---|---|---|---|---|
| Other operating assets | ||||
| Contract assets | 196 | 182 | ||
| Contract costs | 505 | 508 | ||
| Other receivables | 111 | 109 | ||
| Inventories | 283 | 271 | ||
| Prepaid expenses | 621 | 514 | ||
| Other operating assets | 219 | 155 | ||
| Total other operating assets | 1,935 | 1,739 | ||
| Other operating liabilities | ||||
| Contract liabilities | 1,226 | 1,242 | ||
| Accruals for variable performance-related bonus | 207 | 193 | ||
| Value-added taxes payable | 125 | 86 | ||
| Other operating liabilities | 485 | 442 | ||
| Total other operating liabilities | 2,043 | 1,963 | ||