PL
Integrated
Report 2021

13.2. Revenue from construction contracts as well as assets and liabilities due to the contracts

Long-term construction contracts are one of the main sources of sales revenue. The tables below present the impact of construction contracts on the presented revenue and financial result of the Group.

2021 2020
Costs incurred (3,322) (8,866)
Revenue in the statement of profit or loss, including: 1,686 7,225
Invoiced revenue 2,064 8,657
Revenue estimated based on the percentage of completion (378) (1,432)

 

The table below presents the effects of the valuation of construction services contracts in progress as at the balance-sheet date (including contracts in progress from previous periods):

Assets/liabilities related to construction contracts

31.12.2021 31.12.2020
Contractual assets 0 141
Liabilities related to construction contracts 572 991

In accordance with the Group estimations, the above contractual assets and liabilities will be realised within up to 12 months.