Annual
report 2020
Annual
report 2020
The Group considers there is no concentration of credit risk with respect to contract assets due to its large and diverse customer base consisting of individual and business customers. The Group’s maximum exposure to credit risk at the reporting date is represented by the carrying amounts of contract assets recognised in the consolidated statement of financial position. Movements in the contract assets balance for the 12 months ended 31 December 2020 and 2019 were as follows: Expected credit loss rate for contract assets as at 31 December 2020 and 2019 amounted to 2.7% and 2.3%, respectively. Previous topic Next topic
(in PLN millions)
At 31 December
2020 At 31 December
2019
Non-current contract assets
70
65
Current contract assets
87
117
Total contract assets
157
182
(in PLN millions)
12 months ended
31 December 202012 months ended
31 December 2019
Beginning of period
182
165
Additions
127
189
Invoiced amounts transferred to trade receivables
(153)
(171)
Impairment, net
1
(1)
End of period
157
182
14.1. Trade receivables
14.3. Contract costs