Financial statements 2008

22. Other current assets

22. Other current assets

22. Other current assets
In CHF'000 31.12.2008 31.12.2007
Loans - short term portion 6 055 11 196
Prepaid expenses 8 284 7 162
Accrued income 3 933 6 878
Premium in connection with business combination to receive - 16 139
State and government institutions 22 562 20 089
Advances to suppliers and employees 7 690 10 596
Deferred contract cost (short term portion) 10 042 -
Other receivables 2 408 5 970
     
  60 974 78 030

Loans are measured at amortized cost. The effective interest rate on short term loans was 5.57% (2007: 5.76%).