8.11.4
Deferred revenue

  2019 2018
  € x 1,000 € x 1,000
Non-current 1,185 1,215
Current 486 1,307
Balance at 1,671 2,522

 

Deferred revenue consists mainly of receipts in respect of extended warranty to be realized in the coming five years. 

Accounting policy

The extended warranty fee received from  insurance companies (a fee per insurance contract sold) is taken to deferred revenue and released to profit or loss over the time of the committed warranty service period on a straight-line basis.