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Note 14 Deferred income

Deferred income

€ million

2015

2014

Carrying amount as at 1 January

1.572

1.555

   

Contributions received

85

80

Amortisation recognised as income

-64

-63

Reclassification to liabilities held for sale

-34

-

   

Carrying amount as at 31 December

1.559

1.572

Deferred income relates to construction contributions, investment grants and subsidies received. The amortisation periods of the construction contributions, investment grants and subsidies are equal to the depreciation periods of the underlying assets (ranging from 10 to 50 years). The reclassification of liabilities held for sale relates to the carrying amount as at 24 March 2015.

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