EUR thousand |
|
12/31/2023 |
|
12/31/2022 |
|---|---|---|---|---|
AUTOMOBILE Division |
|
1,740 |
|
2,792 |
CONTRACT Division |
|
201 |
|
150 |
Total |
|
1,941 |
|
2,942 |
EUR thousand |
|
12/31/2023 |
|
12/31/2022 |
|---|---|---|---|---|
AUTOMOBILE Division |
|
81 |
|
70 |
CONTRACT Division |
|
11 |
|
11 |
Total |
|
92 |
|
81 |
Investment grants from the government are not recognized until there is reasonable assurance that the attached conditions will be met and that the grant will be awarded. Grants are reported separately under liabilities using the gross method. They are released pro rata temporis in line with the depreciation and amortization of the subsidized assets.
The items set forth in the tables above were deferrals for asset-related grants. The grants of the AUTOMOBILE Division included EUR 1,151 thousand (previous year: EUR 1,204 thousand) for grants from the Federal Railway Authority for replacements and renovations in the rail infrastructure. The deferrals were reversed in line with the depreciation of the subsidized assets. Total income from the reversal of the deferrals amounting to EUR 1,103 thousand (previous year: EUR 126 thousand) was recognized in 2023.
In addition, further income of EUR 660 thousand was recognized during the year (previous year: EUR 1,017 thousand), the full amount of which related to grants recognized through profit or loss. EUR 23 thousand (previous year: EUR 389 thousand) of this amount related to reimbursements of social security contributions by the Bundesagentur für Arbeit (Federal Labor Agency) in connection with the introduction of short-time work. These were reported gross under other operating income.