6. Construction Contracts
| (in TEUR) | 2006 | 2005 | |
| Contract revenue recognized as sales in the current period | 1,778,173 | 1,070,884 | |
| Contract costs incurred and recognized profits | |||
| (less recognized losses) to date | 3,300,809 | 1,666,753 | |
| Advances received and progress billings | 3,345,966 | 1,836,831 | |
| Amount of retentions | 2,585 | 348 |
rep06-en-construction_contracts.xls (Download size 16 KB)
"The billings in excess of costs and earnings of projects under construction” represent primarily payments from customers for work, which is not performed yet.
