(26) Contract assets
Accounting and measurement policies
Contract assets
Contract assets represent contractual claims to receive payment from customers for whom the contractual performance obligation has already been fulfilled, although an unconditional claim to payment has yet to arise.
The following table shows the change in contract assets:
€ million |
|
2023 |
|
2022 |
|---|---|---|---|---|
Jan. 1 |
|
128 |
|
207 |
Additions due to business combinations |
|
– |
|
10 |
Other additions |
|
339 |
|
360 |
thereof: attributable to performance obligations satisfied in prior periods |
|
– |
|
2 |
Disposals due to divestments/Reclassification to assets held for sale |
|
– |
|
– |
Reclassification to trade accounts receivable |
|
-361 |
|
-451 |
Currency differences |
|
-3 |
|
1 |
Other |
|
– |
|
1 |
Dec. 31 |
|
104 |
|
128 |
Contract assets resulted in particular from rendering services and manufacturing of products in the Life Science and Electronics business sectors.