|
|
3/1/2009 | 3/31/2008 |
|---|---|---|
| Group |
|
|
| Contract assignments |
|
|
| Accumulated contract income recognised as revenue | 138 | 115 |
| Invoiced revenue | 123 | 102 |
| Total due from clients | 15 | 13 |
| Accumulated contract expenditure and recognised profit (after deduction of reported loss) at the end of the period | 138 | 115 |
| Advance payments received | – | 0 |
| Amount held back by client | – | – |
Contract income from current fixed-price assignments is reported with gradual profit recognition. Calculations are made based on completed time at the end of the period relative to estimated time to complete the entire assignment.
