4.7Other current liabilities
CHF million | December 31, 2024 | December 31, 2025 |
Accrued expenses | 36.9 | 35.4 |
Deferred revenue | 35.7 | 27.0 |
Accrued holidays and overtime | 5.9 | 2.9 |
Sales commissions payable to agents | 9.1 | 5.8 |
Derivative financial instruments (negative fair values)1 | 2.4 | 1.4 |
Current liabilities to employees | 23.6 | 5.8 |
Liabilities from supplier finance arrangements1 | – | 6.5 |
Miscellaneous current liabilities | 21.0 | 22.0 |
Other current liabilities | 134.6 | 106.8 |
1See note 8.5.
Deferred revenue consists mainly of revenue for installations of machines and components at Rieter customer sites, which were invoiced already but have not yet been completed. Of the deferred revenue at December 31, 2024, CHF 19.6 million were recognized as sales and therefore included in the consolidated income statement 2025. Additional significant changes comprise services invoiced in 2025, which were either recognized as sales in 2025 or which are still included in deferred revenue at December 31, 2025. The majority of deferred revenue is recognized as revenue within twelve months. Miscellaneous current liabilities consist primarily of payables to customers, accounts receivable with a credit balance, and payables for VAT and social insurance.