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 |
2023/2024 |
2022/2023 |
|
Revenue from contracts with customers |
770,915 |
710,955 |
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) |
Other financial statements audits |
Other assurance services |
Total assurance services |
Advisory services |
Total |
|
2023/2024 |
||||||
|
OOB clients (Wta) |
87.5 |
12.9 |
14.6 |
115.0 |
– |
115.0 |
|
Non-OOB clients (Wta) |
170.8 |
20.7 |
8.1 |
199.6 |
14.6 |
214.2 |
|
Other audit clients |
– |
52.9 |
9.8 |
62.7 |
8.1 |
70.8 |
|
Other clients |
– |
– |
15.7 |
15.7 |
355.2 |
370.9 |
|
Total |
258.3 |
86.5 |
48.2 |
393.0 |
377.9 |
770.9 |
|
Of which revenue is related to: |
||||||
|
Assurance |
258.3 |
86.5 |
48.1 |
392.9 |
42.1 |
435.0 |
|
Advisory |
– |
– |
0.1 |
0.1 |
335.8 |
335.9 |
|
Total |
258.3 |
86.5 |
48.2 |
393.0 |
377.9 |
770.9 |
|
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 |
39.8 |
395.2 |
|
Advisory* |
– |
– |
0.3 |
0.3 |
315.5 |
315.8 |
|
Total |
242.0 |
70.4 |
43.3 |
355.7 |
355.3 |
711.0 |
Contract balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
|
EUR 000 |
2023/2024 |
2022/2023 |
|
|
Trade Receivables which are included in ‘Receivables’ |
18 |
140,537 |
114,945 |
|
Contract assets |
44,750 |
38,235 |
|
|
Contract liabilities |
59,570 |
59,102 |
The contract assets primarily relate to unbilled services in relation to contracts with customers, amounting to EUR 44,675 as at September 30, 2024 (September 30, 2023: EUR 38,205).
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 September 30, 2024 was EUR 56 (September 30, 2023: EUR 56). 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 from performance obligations satisfied (or partially satisfied) for the year ended September 30, 2024 (EUR nil for the year ended September 30, 2023).
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.