Other current liabilities
in CHF 000 | 2021 | 2020 | ||
---|---|---|---|---|
Liabilities to public authorities | 12 353 | 19 689 | ||
Liabilities to insurance companies | 2 848 | 5 142 | ||
Liabilities to employee benefit funds | 1 030 | 1 060 | ||
Liabilities to employees | 39 | 169 | ||
Advance payments from customers | 10 079 | 12 174 | ||
Other current liabilities | 4 895 | 15 234 | ||
Total | 31 245 | 53 468 |
Other current liabilities amount to CHF 31.2 million and are therefore down by around CHF 22.2 million on the previous year. The reduction is due to the decrease in other current liabilities of CHF 10.4 million and liabilities to public authorities of CHF 7.4 million. Changes to the group of consolidated companies result in a decrease of CHF 6.2 million in other current liabilities. Other current liabilities are non-interest bearing and are normally payable within a period of 30 days.