2.2 Other Assets and Liabilities
Other assets were as follows:
|
in CHF 1'000 |
|
December 31, 2022 |
|
December 31, 2021 |
|
|
|
|
|
|
|
Non-income tax receivables |
|
7'120 |
|
6'326 |
|
Advance payments and deferred expenses |
|
5'433 |
|
6'635 |
|
Term deposits |
|
25'000 |
|
60'000 |
|
Derivative financial instruments |
|
1'305 |
|
169 |
|
Other receivables |
|
860 |
|
493 |
|
Total |
|
39'718 |
|
73'623 |
The impairment assessment in the reporting period and previous year showed no need for an adjustment. Term deposits consist of bank deposits with maturities of more than three but less than twelve months from the date of acquisition.
Other liabilities were as follows:
|
in CHF 1'000 |
|
December 31, 2022 |
|
December 31, 2021 |
|
|
|
|
|
|
|
Liabilities to employees |
|
25'027 |
|
23'636 |
|
Accrued volume rebates to customers |
|
17'426 |
|
14'861 |
|
Non-income tax payables |
|
7'205 |
|
6'254 |
|
Social security liabilities |
|
6'091 |
|
5'700 |
|
Derivative financial instruments |
|
231 |
|
22 |
|
Other liabilities and accrued expenses |
|
21'307 |
|
17'073 |
|
Total |
|
77'286 |
|
67'546 |
Other assets and liabilities, excluding derivatives, are measured at amortized cost. Derivative financial instruments are measured at fair value through profit and loss with any changes therein recognized in the financial result. Other assets are subject to the impairment requirements of IFRS 9.