6. Construction Contracts
| (in TEUR) | 2007 | 2006 |
| Contract revenue recognized as Sales in the current period | 2,224,624 | 1,778,173 |
| Contract costs incurred and recognized profits | ||
| (less recognized losses) to date | 4,750,192 | 3,300,809 |
| Advances received and progress billings | 4,746,921 | 3,345,966 |
| Amount of retentions | 6,926 | 2,585 |
Construction contracts (Download size 21 KB)
'The billings in excess of costs and earnings of projects under construction' represent primarily payments from customers for work not performed as yet, and fall entirely in the category 'not past due nor impaired'.