4.3.25Deferred Income
The deferred incomes are as follows:
|
31 December 2017 |
31 December 2016 |
|
|---|---|---|
|
Deferred income on operating lease contracts |
249 |
247 |
|
Other |
- |
16 |
|
Total |
249 |
263 |
The deferred income on operating lease contracts is mainly related to the revenue for one of the operating lease units, which reflects a decreasing day-rate schedule. As income is shown in the income statement on a straight-line basis with reference to IAS 17 ’Leases’, the difference between the yearly straight-line revenue and the contractual day rates is included as deferred income. The deferral will be released through the income statement over the remaining duration of the relevant contracts.