Menu

Downloads

Leave

Deferred revenues and accrued liabilities

in CHF 000   2020   2019
Deferred subscription revenues   155 842   158 428
Deferred online revenues   57 324   68 652
Deferred revenues from commercialisation and intermediation activities   32 160   32 063
Deferred personnel expenses   23 287   31 634
Other accrued liabilities   60 280   47 028
Total   328 894   337 805
of which deferred revenues from contracts with customers   245 326   259 144
of which other accrued liabilities   83 568   78 662

Deferred revenues and accrued liabilities decreased by CHF 8.9 million from CHF 337.8 million to CHF 328.9 million. Changes to the group of consolidated companies result in a decrease of around CHF 5.9 million. Total deferred revenue declined by CHF 13.8 million. The decline in accruals relating to personnel by CHF 8.3 million to CHF 23.3 million is particularly due to the lower accruals for employee performance bonuses and profit participation arrangements for the Group Management.

The revenues recognised in the reporting period and which were included in the balance of the contractual liabilities at the start of the period amount to CHF 201.3 million (previous year: 188.5 million). There are no material revenues recognised in the reporting period from performance obligations which had been fulfilled either in full or in part during earlier periods (e.g. subsequent purchase price adjustments).