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

2020

2019

 

Contributions

Subsidies

Total

Contributions

Subsidies

Total

Carrying amount as at 1 January

1,723

14

1,737

1,667

15

1,682

       

Contributions received

175

-

175

126

-

126

Amortisation recognised as income

-73

-1

-74

-70

-1

-71

Other

-1

-

-1

-

-

-

       

Carrying amount as at 31 December

1,824

13

1,837

1,723

14

1,737