5 Revenue

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 labor.

EUR 000

2022/2023

2021/2022

Revenue from contracts with customers

710,955

655,446

Disaggregation of revenue from contracts with customers

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

EUR million

Wet toezicht Accountantsorganisaties (Wta)
audits

Other financial statements audits

Other assurance services

Total assurance services

Advisory services

Total

FY 2022/2023

OOB clients (Wta)

76.7

5.7

9.1

91.5

91.5

Non-OOB clients (Wta)

165.3

16.5

10.4

192.2

14.3

206.5

Other audit clients

48.2

7.9

56.1

4.6

60.7

Other clients

15.9

15.9

336.4

352.3

Total

242.0

70.4

43.3

355.7

355.3

711.0

Of which revenue is related to:

Assurance

242.0

70.4

43.0

355.4

46.4

401.8

Advisory

0.3

0.3

308.9

309.2

Total

242.0

70.4

43.3

355.7

355.3

711.0

FY 2021/2022

OOB clients (Wta)

70.1

4.9

9.4

84.4

84.4

Non-OOB clients (Wta)

136.1

18.6

11.4

166.1

9.9

176.0

Other audit clients

49.4

7.0

56.4

4.3

60.7

Other clients

12.9

12.9

321.4

334.3

Total

206.2

72.9

40.7

319.8

335.6

655.4

Of which revenue is related to:

Assurance

206.2

72.9

40.2

319.3

45.1

364.4

Advisory

0.5

0.5

290.5

291.0

Total

206.2

72.9

40.7

319.8

335.6

655.4

Contract balances

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

EUR 000

2022/2023

2021/2022

Trade Receivables which are included in ‘Receivables’

17

114,945

107,887

Contract assets

38,235

34,142

Contract Liabilities

-59,102

-63,017

The contract assets primarily relate to unbilled services in relation to contracts with customers, amounting to EUR 38,205 as at 30 September 2023 (30 September 2022: EUR 34,142).

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 amortized over the period that the SaaS license is provided to the customer.

The amount of amortization of contract assets during the year ended 30 September 2023 was EUR 56 (30 September 2022: EUR 113). The amortization 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.

No amount has been recognized as revenue for the year ended 30 September 2023 (EUR 0 for the year ended 30 September 2022).

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.