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    Ey Aarsrapport 2021 22 30

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    Ronald Runruil
    This document contains financial information about trade receivables, contract assets and liabilities, and prepaid expenses for a company. It shows the amounts for these items from 2021/22 and 2020/21. For trade receivables, it lists the amounts before and after provisions for losses. It also outlines the movements in the provision for losses between the two periods. For contract assets and liabilities, it provides the selling price, progress billings, and net value, which is split between contract assets and liabilities. It notes that impairment losses for these are considered immaterial. Finally, it lists the amounts for prepaid insurance and membership subscriptions and other prepaid expenses.

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    Ey Aarsrapport 2021 22 30

    Uploaded by

    Ronald Runruil
    6 views1 page
    This document contains financial information about trade receivables, contract assets and liabilities, and prepaid expenses for a company. It shows the amounts for these items from 2021/22 and 2020/21. For trade receivables, it lists the amounts before and after provisions for losses. It also outlines the movements in the provision for losses between the two periods. For contract assets and liabilities, it provides the selling price, progress billings, and net value, which is split between contract assets and liabilities. It notes that impairment losses for these are considered immaterial. Finally, it lists the amounts for prepaid insurance and membership subscriptions and other prepaid expenses.

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    ey-aarsrapport-2021-22-30

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    This document contains financial information about trade receivables, contract assets and liabilities, and prepaid expenses for a company. It shows the amounts for these items from 2021/22 and 2020/21. For trade receivables, it lists the amounts before and after provisions for losses. It also outlines the movements in the provision for losses between the two periods. For contract assets and liabilities, it provides the selling price, progress billings, and net value, which is split between contract assets and liabilities. It notes that impairment losses for these are considered immaterial. Finally, it lists the amounts for prepaid insurance and membership subscriptions and other prepaid expenses.

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    © All Rights Reserved
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    6 views1 page

    Ey Aarsrapport 2021 22 30

    Uploaded by

    Ronald Runruil
    This document contains financial information about trade receivables, contract assets and liabilities, and prepaid expenses for a company. It shows the amounts for these items from 2021/22 and 2020/21. For trade receivables, it lists the amounts before and after provisions for losses. It also outlines the movements in the provision for losses between the two periods. For contract assets and liabilities, it provides the selling price, progress billings, and net value, which is split between contract assets and liabilities. It notes that impairment losses for these are considered immaterial. Finally, it lists the amounts for prepaid insurance and membership subscriptions and other prepaid expenses.

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    NOTES

    Group Parent
    2021/22 2020/21 2021/22 2020/21
    DKKm DKKm DKKm DKKm

    14 Trade receivables
    Trade receivables before provision for losses 616.0 520.9 614.0 511.8
    Provision for losses -7.2 -9.6 -7.0 -9.3
    608.8 511.3 607.0 502.5

    Provision for losses at 1 July -9.6 -9.8 -9.3 -9.8


    Losses and write-downs identified for the year 1.3 0.5 1.3 0.5
    Reversed impairment write-downs -2.2 0.1 -2.3 -
    Impairment losses for the year 3.3 -0.4 3.3 -
    Provision for losses at 30 June -7.2 -9.6 -7.0 -9.3

    All receivables fall due within one year.


    Interest income regarding receivables written down constitutes insignificant amounts.

    For a description of credit risks, please see note 25.

    15 Contract assets and liabilities


    Selling price of contract assets 2,319.7 2,297.6 2,224.0 2,145.3
    Progress billings, contract assets -2,211.4 -2,170.1 -2,116.1 -2,016.9
    108.3 127.5 107.9 128.4

    The net value is recognised in the balance sheet as follows:


    Contract assets 245.4 269.2 244.3 265.5
    Contract liabilities -137.1 -141.7 -136.4 -137.1
    108.3 127.5 107.9 128.4

    Impairment losses and loss allowance on contract assets are considered immaterial.
    The opening amount of contract liabilities has been recorded as revenue for the year. Opening amount of contract assets has
    been billed during the year and has largely been paid.

    The increase in the selling price of contract assets is due to increase in all service lines except Assurance while the decrease in
    the net value can be attributed to Assurance.

    Group Parent
    2021/22 2020/21 2021/22 2020/21
    DKKm DKKm DKKm DKKm

    16 Prepaid expenses
    Insurance 13.1 - 13.1 -
    Membership subscription 48.7 45.2 48.7 45.2
    Other 5.5 3.8 5.5 3.8
    67.3 49.0 67.3 49.0

    30 | Annual Report 2021/2022

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