10.13.2 Grants
Accounting policies
If there is reasonable certainty that a grant will be received and that all related conditions will be fulfilled, grants are recognised at fair value.
If a grant concerns a cost item, it is recognised as income in matching with the expenses it is to compensate for. If it concerns an asset, its fair value is recognised as deferred income, and then it is written off annually in equal parts through the statement of comprehensive income over the estimated useful life of the asset.
| Note | Dec 31 2021 | Dec 31 2020 | |
|---|---|---|---|
| At beginning of period | 45.9 | 30.9 | |
| Grants recived in the period | 40.7 | 21.7 | |
| Deferred grants | (12.0) | (6.7) | |
| At the end period | 74.6 | 45.9 | |
| including: | |||
| long-term portion | 10.13 | 52.4 | 23.8 |
| short-term portion | 10.13 | 22.2 | 22.1 |
The grants mainly include EU funding for the purchase of modern intermodal rolling stock, subsidies, for the use of railway infrastructure in Germany, free licences and subsidies from the EcoFund to finance use of waste gas from offshore oil extraction facilities for heating purposes.