Other current liabilities
in CHF 000 | 2020 | 2019 | ||
---|---|---|---|---|
Liabilities to public authorities | 19 689 | 15 976 | ||
Liabilities to insurance companies | 5 142 | 6 751 | ||
Liabilities to employee benefit funds | 1 060 | 2 050 | ||
Liabilities to employees | 169 | 162 | ||
Advance payments from customers | 12 174 | 10 731 | ||
Other current liabilities | 15 234 | 10 339 | ||
Total | 53 468 | 46 010 |
Other current liabilities amount to CHF 53.5 million and are therefore up by around CHF 7.5 million on the previous year. This higher amount is primarily due to an increase in liabilities to public authorities in the amount of CHF 3.7 million, and an increase in other current liabilities in the amount of CHF 4.9 million. Other current liabilities are non-interest bearing and are normally payable within a period of 30 days.