v3.24.2.u1
Other current operating assets and liabilities
 6 Months Ended
Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]  
Other current operating assets
3.6 Other current operating assets and liabilities

(CHF in millions)6/30/202412/31/2023
Prepaid expenses29.4 20.8 
Indirect taxes (VAT/GST) receivables36.3 26.6 
Other current assets29.8 13.7 
Other current operating assets95.5 61.2 

(CHF in millions)6/30/202412/31/2023
Accrued expenses163.4 81.2 
Accrued personnel expenses10.4 20.0 
Indirect taxes (VAT/GST) payables30.6 24.0 
Social security payables17.5 6.7 
Other payables17.1 16.5 
Other current operating liabilities10.7 8.0 
Other current operating liabilities249.9 156.4 
Accrued expenses mainly comprise accruals for outstanding vendor invoices related to marketing, freight, customs, selling and distribution. Accrued expenses increased by CHF 82.2 million as of June 30, 2024 compared to December 31, 2023, primarily due to the timing of certain customs and selling and distribution related expenses, and due to investments in brand building initiatives in the second quarter. Accrued personnel expenses mainly comprise accruals for costs related to bonus, vacation and participation plans.
Other current operating liabilities
3.6 Other current operating assets and liabilities

(CHF in millions)6/30/202412/31/2023
Prepaid expenses29.4 20.8 
Indirect taxes (VAT/GST) receivables36.3 26.6 
Other current assets29.8 13.7 
Other current operating assets95.5 61.2 

(CHF in millions)6/30/202412/31/2023
Accrued expenses163.4 81.2 
Accrued personnel expenses10.4 20.0 
Indirect taxes (VAT/GST) payables30.6 24.0 
Social security payables17.5 6.7 
Other payables17.1 16.5 
Other current operating liabilities10.7 8.0 
Other current operating liabilities249.9 156.4 
Accrued expenses mainly comprise accruals for outstanding vendor invoices related to marketing, freight, customs, selling and distribution. Accrued expenses increased by CHF 82.2 million as of June 30, 2024 compared to December 31, 2023, primarily due to the timing of certain customs and selling and distribution related expenses, and due to investments in brand building initiatives in the second quarter. Accrued personnel expenses mainly comprise accruals for costs related to bonus, vacation and participation plans.