20Assets and liabilities related to contracts with customers
|
millions of CHF |
|
2021 |
|
2020 1) |
|
Sales recognized over time related to ongoing performance obligations |
|
525.5 |
|
474.5 |
|
Sales recognized over time related to satisfied performance obligations |
|
360.6 |
|
393.9 |
|
Sales recognized over time |
|
886.0 |
|
868.4 |
|
Sales recognized at a point in time |
|
2’269.3 |
|
2’099.3 |
|
Sales |
|
3’155.3 |
|
2’967.8 |
|
– thereof sales recognized included in the contract liability balance at the beginning of the period |
|
300.5 |
|
344.8 |
|
– thereof sales recognized from performance obligations satisfied (or partially satisfied) in previous periods |
|
0.6 |
|
0.1 |
|
|
|
|
|
|
|
Cost of goods sold recognized over time related to ongoing performance obligations |
|
–391.8 |
|
–363.5 |
|
Cost of goods sold recognized over time related to satisfied performance obligations |
|
–255.5 |
|
–289.8 |
|
Cost of goods sold recognized over time |
|
–647.3 |
|
–653.3 |
|
Cost of goods sold recognized at a point in time |
|
–1’561.1 |
|
–1’442.1 |
|
Cost of goods sold |
|
–2’208.4 |
|
–2’095.3 |
|
|
|
|
|
|
|
Gross profit recognized over time related to ongoing performance obligations |
|
133.7 |
|
111.0 |
|
Gross profit recognized over time related to satisfied performance obligations |
|
105.0 |
|
104.2 |
|
Gross profit recognized over time |
|
238.7 |
|
215.2 |
|
Gross profit recognized at a point in time |
|
708.2 |
|
657.2 |
|
Gross profit |
|
946.9 |
|
872.4 |
|
|
|
|
|
|
|
Contract assets from sales recognized over time relating to ongoing performance obligations |
|
912.5 |
|
749.3 |
|
Expected loss rate |
|
0.1% |
|
0.1% |
|
Allowance for expected losses |
|
–0.6 |
|
–0.6 |
|
Netting with contract liabilities |
|
–502.6 |
|
–423.9 |
|
Contract assets |
|
409.3 |
|
324.9 |
|
|
|
|
|
|
|
Contract liabilities from costs recognized over time relating to ongoing performance obligations |
|
86.3 |
|
46.9 |
|
Advance payments from customers relating to point in time contracts |
|
173.3 |
|
200.8 |
|
Advance payments from customers relating to over time contracts |
|
567.5 |
|
476.8 |
|
Netting with contract assets |
|
–502.6 |
|
–423.9 |
|
Contract liabilities |
|
324.5 |
|
300.5 |
|
|
|
|
|
|
|
Order backlog (aggregate amount of transaction price allocated to unsatisfied performance obligations) |
|
1’724.1 |
|
1’768.7 |
|
– thereof expected to be recognized as revenue within 12 months |
|
1’515.8 |
|
1’571.4 |
|
– thereof expected to be recognized in more than 12 months |
|
208.3 |
|
197.3 |
1) Comparative information has been re-presented due to discontinued operations (details are described in note 7).
Total sales recognized over time increased from CHF 868.4 million in 2020 to CHF 886.0 million in 2021. As a result, contract assets increased by CHF 84.4 million and contract liabilities by CHF 24.0 million.