Note 27 Construction contracts

Worked-up not invoiced income

Group, MSEK 2023 2022
Koncernen, Mkr 2023 2022
Worked-up income on incomplete contracts Upparbetade intäkter på ej avslutade entreprenader 40,519 45,203
Invoiced sales on incomplete contracts Fakturering på ej avslutade entreprenader -38,457 -42,902
Total Summa 2,062 2,301

Invoiced income not worked-up

Group, MSEK 2023 2022
Koncernen, Mkr 2023 2022
Invoiced sales on incomplete contracts Fakturering på ej avslutade entreprenader 47,555 50,092
Worked-up income on incomplete contracts Upparbetade intäkter på ej avslutade entreprenader -44,055 -46,059
Total Summa 3,500 4,033

Change in contract balances

2023 2022
Group, MSEK Worked-up not invoiced income Invoiced income not worked-up Worked-up not invoiced income Invoiced income not worked-up
2023 2022
Koncernen, Mkr Upparbetade men ej fakturerade intäkter Fakturerade men ej upparbetade intäkter Upparbetade men ej fakturerade intäkter Fakturerade men ej upparbetade intäkter
Income recognized in the period included in invoiced income not  worked-up at the beginning of the period Intäkt redovisad i perioden som ingick i fakturerad men ej upparbetad intäkt vid periodens ingång 4,033 4,356
Invoiced during the year, reduced by amounts recognized as income during the year Fakturering under året, reducerad med belopp som redovisats som intäkt under året -3,500 -4,033
Transferred from worked-up not invoiced income at the beginning of the period to accounts receivable Överföring från upparbetad men ej fakturerad intäkt vid periodens början till kundfordringar -2,301 -1,578
Worked-up during the year, reduced by amounts invoiced during the year Upparbetning under året, reducerad med belopp som fakturerats under året 2,062 2,301
Exchange rate differences Valutakursdifferenser -17 -30 40 -62
Income recognized during the report period from performance obligations met during previous periods was SEK -751 million (-230).

Worked-up income from ongoing contracts is recognized over time. The degree of recognition is calculated on the basis of the project costs incurred at the end of the period in relation to the project costs corresponding to the project income for the whole project.

Contract assignments are recognized in gross on the balance sheet project for project, either as Worked-up income not invoiced in current assets or as Invoiced income not worked-up in current liabilities. Projects that have higher worked-up income than the amounts invoiced are recognized as assets, while projects that have invoiced more than the income worked-up are recognized as liabilities.