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Implenia-GB-2021-EN.pdf
disability, or retirement, the unvested PSUs will vest immediately with an over- allvestingfactorof100%. In the case of termination of employment by Implenia for cause or for breach of the non-com- peteclause,allunvestedPSUswillbeforfeited. In the case of a termination of employment by a plan participant [...] 3,641 25,576 Jointventures(equitymethod) 31,623 32,593 Associates 15,530 2,516 Related parties 92 218 Allowance for expected credit losses (4,738) (8,620) Total 551,540 611,796 Notes The allowance for expected credit losses has changed as follows: in TCHF 31.12.2021 31.12.2020 Asat1.1. 8,620 9,126 Increase [...] . Trade receivables are recognised at the amounts invoiced less allowances for estimated shortfallsinreceipts,e.g.duetorebates,refunds anddiscounts.Theyaresubsequentlymeasured atamortisedcost. Fortradereceivables,allowancesarecalculated in the amount of the expected credit losses over theterm.Regardingthis[...]