2.1 Trade receivables
Maturity analysis |
| Financial year ended 30.06.2020 |
| Financial year ended 30.06.2019 | ||||||||
CHF million |
| Gross |
| Allow. |
| Net |
| Gross |
| Allow. |
| Net |
Trade receivables |
| 412.8 |
| –24.7 |
| 388.1 |
| 522.2 |
| –22.7 |
| 499.5 |
Not yet due |
| 271.4 |
| –0.4 |
| 271.0 |
| 345.0 |
| –1.2 |
| 343.8 |
1–30 day(s) overdue |
| 42.5 |
| –0.3 |
| 42.2 |
| 81.7 |
| –0.2 |
| 81.5 |
31–60 days overdue |
| 18.3 |
| –0.1 |
| 18.2 |
| 26.3 |
| –0.2 |
| 26.1 |
61–90 days overdue |
| 17.9 |
| –0.1 |
| 17.8 |
| 17.8 |
| –0.1 |
| 17.7 |
91–120 days overdue |
| 12.6 |
| –0.4 |
| 12.2 |
| 10.2 |
| –0.4 |
| 9.8 |
121–150 days overdue |
| 7.8 |
| –0.5 |
| 7.3 |
| 5.0 |
| –0.3 |
| 4.7 |
More than 150 days overdue |
| 42.3 |
| –22.9 |
| 19.4 |
| 36.2 |
| –20.3 |
| 15.9 |
The Group does not hold material collateral as security for trade receivables.
Accounting principles
Short-term accounts receivable are stated at nominal value less allowance for doubtful accounts. The amount of the allowance is the difference between the asset’s carrying amount and the present value of estimated future cash flows. It is assessed based on the maturity structure. In addition, accounts receivable are individually impaired if there is clear evidence of insolvency or other indications that collectability is severely endangered.