2.6 Other assets and liabilities
Other assets
CHF million | Note |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
Other current assets |
|
| 65.7 |
| 60.4 |
Prepaid expenses |
|
| 21.3 |
| 17.5 |
Retentions |
|
| 6.6 |
| 5.7 |
Sales, withholding and other recoverable taxes |
|
| 33.1 |
| 33.0 |
Fair value of forward contracts | 3.5 |
| 1.9 |
| 1.0 |
Other receivables and miscellaneous |
|
| 2.8 |
| 3.2 |
Non-current financial assets |
|
| 38.8 |
| 35.9 |
Pension-related assets |
|
| 20.1 |
| 19.4 |
Long-term prepaid expenses |
|
| 8.3 |
| 6.6 |
Long-term held securities |
|
| 10.4 |
| 9.9 |
Accounting principles
Long-term held securities are recorded at fair value. All realized and unrealized gains and losses are recognized in the income statement. Other non-current financial assets are stated at amortized cost less valuation adjustments.
Other liabilities
CHF million | Note |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
Accrued and other current liabilities |
|
| 364.2 |
| 312.6 |
Advances from customers |
|
| 30.6 |
| 38.8 |
Deferred income |
|
| 33.8 |
| 33.4 |
Sales, withholding and other tax payable |
|
| 42.8 |
| 35.7 |
Payables to social security and pension fund |
|
| 20.9 |
| 17.3 |
Accruals for salary payments, bonuses, vacation, overtime and other employee benefits |
|
| 135.5 |
| 111.0 |
Accrued interest |
|
| 3.3 |
| 3.6 |
Fair value of forward contracts | 3.5 |
| 0.8 |
| 0.7 |
Other accruals and current non-interest-bearing liabilities |
|
| 96.5 |
| 72.1 |
Current borrowings and other non-current liabilities are disclosed in the note on capital management (3.1) as this information relates to capital management disclosures.
Accounting principles
Financial liabilities measured at amortized cost are initially recorded at fair value, net of transaction costs incurred, and subsequently measured at amortized cost. Any difference between the proceeds from disposal (net of transaction costs) and the redemption value is recognized in the income statement over the period of the borrowing using the effective interest method.