Note 14 Deferred income

Deferred income relates to construction contributions, investment grants and subsidies received. The amortisation periods of the construction contributions, investment grants and subsidies are equal to the depreciation periods of the underlying assets (ranging from 10 to 50 years).

€ million

2018

2017

 

Contributions

Subsidies

Total

Contributions

Subsidies

Total

Carrying amount as at 1 January

1,608

21

1,629

1,594

3

1,597

       

Contributions received

130

-

130

83

20

103

Amortisation recognised as income

-68

-2

-70

-69

-2

-71

Deconsolidations

-3

-4

-7

-

-

-

       

Carrying amount as at 31 December

1,667

15

1,682

1,608

21

1,629