Trade and other receivables


In CHF million
 
31.12.2013
  31.12.2012
restated
Billed revenue   2,321   2,483
Accrued revenue   206   186
Allowances   (164)   (209)
Total trade receivables, net   2,363   2,460
Accruals from international roaming traffic   91   140
Receivables from collection activities   26   24
Receivables from construction contracts   30   30
Other receivables   22   19
Allowances   (16)   (15)
Total other receivables, net   153   198
Total trade and other payables   2,516   2,658

All trade and other receivables are due within one year. Trade receivables are the object of active credit risk management which focuses on the assessment of country risks, on-going review of credit risks and the monitoring of the receivables. Credit-risk concentrations in Swisscom are minimised due to the large number of customers and their geographical spread. Risks are monitored by country.

The geographical distribution of trade receivables is as follows:

In CHF million   31.12.2013   31.12.2012
Switzerland   1,701   1,635
Italy   809   1,017
Other countries   17   17
Total billed and accrued revenue   2,527   2,669
Switzerland   (45)   (45)
Italy   (118)   (164)
Other countries   (1)  
Total allowance for receivables   (164)   (209)
Total trade receivables, net   2,363   2,460

Analysis of maturity and allowances

The due dates of trade receivables as well as the related allowances are to be analysed as follows:

  31.12.2013   31.12.2012

In CHF million
  Gross
amount
  Allowance
  Gross
amount
  Allowance
Not overdue   1,733   (8)   1,683   (7)
Past due up to 3 months   400   (6)   427   (5)
Past due 4 to 6 months   80   (4)   84   (3)
Past due 7 to 12 months   92   (15)   180   (18)
Past due over 1 year   222   (131)   295   (176)
Total   2,527   (164)   2,669   (209)

The table below presents the changes in allowances for trade and other receivables.


In CHF million
  Trade
receivables
  Other
receivables
Balance at 31 December 2011   249   12
Additions to allowances   78   3
Write-off of irrecoverable receivables subject to allowance   (107)  
Release of unused allowances   (9)  
Foreign currency translation adjustments   (2)  
Balance at 31 December 2012   209   15
Additions to allowances   88   1
Write-off of irrecoverable receivables subject to allowance   (131)  
Release of unused allowances   (5)  
Foreign currency translation adjustments   3  
Balance at 31 December 2013   164   16

Construction contracts

Information on uncompleted construction contracts as of the balance sheet date is as follows:

In CHF million   2013   2012
Contract costs of current projects   108   117
Recognised gains less losses   3   8
Contract costs including share of gains and losses, net   111   125
Less progress billings   (84)   (100)
Total net receivables from construction contracts   27   25
Thereof receivables from construction contracts   29   30
Thereof liabilities from construction contracts   (2)   (5)
         
Advance payments received   61   41

In 2013, construction contracts generated net revenues of CHF 295 million (prior year: CHF 290 million).