| Contract costs that relate to | | | | | | | | | | | |
| future activity recognised as an asset | | | | | | | | | | | |
| in accordance with paragraph 27 | - | | 60 | | 100 | | - | | 45 | | 205 |
| Contract revenue (see above) | 145 | | 520 | | 380 | | 200 | | 55 | | 1,300 |
| Progress billings (paragraph 41) | 100 | | 520 | | 380 | | 180 | | 55 | | 1,235 |
| Unbilled contract revenue | 45 | | - | | - | | 20 | | - | | 65 |
| Advances (paragraph 41) | - | | 80 | | 20 | | - | | 25 | | 125 |
| The amounts to be disclosed in accordance with the Standard are as follows: Contract revenue recognised as revenue in the period (paragraph 39(a)) | 1,300 |
| Contract costs incurred and recognised profits (less recognised losses) to date paragraph 40(a)) | 1,435 |
| Advances received (paragraph 40(b)) | 125 |
| Gross amount due from customers for contract work - presented as an asset in accordance with paragraph 42(a) | 220 |
| Gross amount due to customers for contract work - presented as a liability in accordance with paragraph 42(b) | (20) |
| The amounts to be disclosed in accordance with paragraphs 40(a), 42(a) and 42(b) are calculated as follows: |
| Contract |
| | A | | B | | C | | D | | E | | Total |
| Contract costs incurred | 110 | | 510 | | 450 | | 250 | | 100 | | 1,420 |
| Recognised profits less recognised losses | 35 | | 70 | | 30 | | (90) | | (30) | | 15 |
| | 145 | | 580 | | 480 | | 160 | | 70 | | 1,435 |
| Progress billings | 100 | | 520 | | 380 | | 180 | | 55 | | 1,235 |
| Due from customers | 45 | | 60 | | 100 | | - | | 15 | | 220 |
| Due to customers | - | | - | | - | | (20) | | - | | (20) |
The amount disclosed in accordance with paragraph 40(a) is the same as the amount for the current period because the disclosures relate to the first year of operation.
