for voluntary contributions receivable Provision for national societies receivable Provision for unpaid statutory contributions Provision for other accounts receivable Total CHF 000s CHF 000s CHF 000s CHF 000s CHF 000s 2022 Balance at 1 January
2,209
564
14,415
8
17,196
Changes to provision for ECL
1,404
652
4,053
12
6,121
Write offs during the year
-
( 31)
-
( 1)
( 32)
Unused provisions reversed
( 896)
( 173)
( 971)
( 7)
( 2,047)
Balance at 31 December 2,717
1,012
17,497
12
21,238
2021 Balance at 1 January
1,720
1,909
15,944
9
19,582
Changes to provision for ECL
2,535
253
1,800
7
4,595
Write offs during the year
( 750)
( 926)
-
-
( 1,676)
Unused provisions reversed
( 1,296)
( 672)
( 3,329)
( 8)
( 5,305)
Balance at 31 December 2,209
564
14,415
8
17,196
Receivables are impaired based on the Estimated Credit Losses model, which is a probability-weighted estimate of credit
losses. Credit losses are measured as the present value of all cash shortfalls (ie the difference between the cash flows due
to the IFRC in accordance with the contract and the cash flows that the the IFRC expects to receive).
The provisions for ECL above include impairment of CHF 458k (2021: CHF 300k) for receivables and contract assets
that relate to contracts with customers (see note 2.1c).
The provision for unpaid statutory contributions is based upon the IFRC’s assessment of the probability of payment. At
31 December 2022, the IFRC revised its assessment of the balance of statutory contribution receivables and did not release
any amount from at risk to likely to be paid (2021: CHF 106k). Provision of statutory contribution receivables does not
invalidate the obligation of National Societies to pay amounts due.
