13.6. REVENUE FROM CONTRACTS WITH CUSTOMERS BY DURATION OF CONTRACT

Revenue from contracts with customersby duration of contract

 

 

NOTE 

 

Refining  
Segment 

Petrochemical Segment 

Energy Segment 

Retail  
Segment 

Upstream Segment 

Corporate Functions 

Total 

2020 

2019* 

2020 

2019* 

2020 

2019* 

2020 

2019 

2020 

2019 

2020 

2019 

2020 

2019 

 Short-term  

 

 33,941 

 56,411  

 10,580  

 13,346  

 8,983  

 855  

 30,620  

 38,701  

 482  

 608  

 62  

 55  

 84,668  

 109,97  

 Long-term  

 

 132  

 89  

 -  

 -  

 1,108  

 780  

 4  

 2  

 -  

 -  

 3  

 4  

 1,247  

 875  

 

13.1 

 34,073 

 56,500  

 10,580  

 13,346 

 10,091 

 1,635 

 30,62 

 38,70 

 482 

 608 

 65  

 59  

 85,915 

110,85  

* restated data

The duration of most contracts within the Group is short-term. Revenues on services for which start and end dates fall in different reporting periods (long-term contracts) are recognised according to the degree of complete fulfilment of the performance obligation using the input-based method. Long-term contracts that remain unfulfilled in full as at the balance sheet date relate to i.a. construction and installation contracts.

As at 31 December 2020 the Group analysed the value of the transaction price allocated to unfulfilled performance obligations at the end of the year.
The unfulfilled or partially unfulfilled performance obligations at the end of the year mainly concerned contracts for the sale of electricity and power media and for the supply of newspapers, subscriptions, parcel delivery and collection services that will end within 2021 or are concluded for an indefinite period with a notice period of up to 12 months.

Due to the fact that the described performance obligations are part of the contracts, that can be considered short-term, or the revenues from fulfilled performance obligation under these contracts are recognised in the amount that the Group has the right to invoice, the Group applied a practical solution, according to which it does not disclose information about the total amount of the transaction price allocated to the performance obligation.

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