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5 Revenue

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Revenue streams

The Group generates revenue primarily from single or multiple performance obligations to deliver assurance and advisory services. The main component of these contracts is labour.

EUR 000

2020/2021

2019/2020

Revenue from contracts with customers

568,672

525,444

Disaggregation of revenue from contracts with customers

In the following table, revenue from contracts with customers is disaggregated by primary service lines.

EUR million

Wta audits

Other financial statement audits

Other assurance services

Total assurance services

Advisory services

Total

FY 2020/2021

      

OOB clients (Wta)

67

4.5

7.4

78.9

78.9

Non-OOB clients (Wta)

117.2

15

10.5

142.7

11.5

154.2

Other audit clients

51.1

6.6

57.7

9.3

67

Other clients

12.5

12.5

256.1

268.6

Total

184.2

70.6

37

291.8

276.9

568.7

       

Of which revenue is related to:

      

Assurance

184.2

70.6

36.4

291.2

36

327.2

Advisory

0.6

0.6

240.9

241.5

Total

184.2

70.6

37

291.8

276.9

568.7

       
       

FY 2019/2020

      

OOB clients (Wta)

70

4.9

5.8

80.7

80.7

Non-OOB clients (Wta)

107.8

20.3

10.7

138.8

8.9

147.7

Other audit clients

46.8

5.6

52.4

3.9

56.3

Other clients

7.6

7.6

233.1

240.7

Total

177.8

72

29.7

279.5

245.9

525.4

       

Of which revenue is related to:

      

Assurance

177.8

72

29.1

278.9

29.9

308.8

Advisory

0.6

0.6

216

216.6

Total

177.8

72

29.7

279.5

245.9

525.4

Contract balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.

EUR 000

 

2020/2021

2019/2020

Trade Receivables which are included in ‘Receivables’

16

88,084

83,045

Contract assets

 

32,257

27,993

Assets held for sale

18

256

Contract Liabilities

23

-55,237

-44,047

The contract assets primarily relate to unbilled services in relation to contracts with customers, amounting to EUR 32,157 as at 30 September 2021 (30 September 2020: EUR 27,926). Unbilled services are subject to a first pledge in favour of Coöperatie KPMG U.A. as security for loans advanced.

The remainder of the contract assets are related to costs to fulfil contracts where the Group performs set-up activities to deliver Software as a Service (SaaS licenses). These costs were determined based on the cost price of consulting hours related to the set‑up activities performed before the go-live date of the SaaS licenses. These contract assets are amortised over the period that the SaaS license is provided to the customer. The amount of amortisation of contract assets during the period ended 30 September 2021 was EUR 170 (30 September 2020: EUR 116). The amortisation expenses relate partly to contract assets formed during the financial year and partly to existing contract assets as at the start of the financial year.

The contract liabilities primarily relate to advance billings for various activities in line with KPMG’s services to be provided. Contract liabilities also include setup activities that do not transfer a service to the customer on their own, but are necessary for the use of the SaaS licenses to be provided to the customer.

An amount of EUR 1 has been recognised as revenue for the period ended 30 September 2021 (EUR 147 for the period ended 30 September 2020) which partly relates to contract liabilities formed during the year and partly to contract liabilities recognised at the beginning of the period.

Transaction price allocated to the remaining performance obligations

The Group applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.