Disclosure Of Revenue From Contracts With Customers [Text Block]
| Concept |
2022-01-01 to 2022-12-31 |
2021-01-01 to 2021-12-31 |
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| Disclosure of revenue from contracts with customers [text block] |
All contractual revenues - as defined by IFRS15 - result from freight and demurrage: for these revenues, payment is settled at completion of the voyage, and therefore no performance obligations are recognized to be outstanding.
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Costs to fulfil a contract
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| Disclosure of disaggregation of revenue from contracts with customers [text block] |
In 2022, one customer contributed to the generation of US$ 49.5 million in revenues, equivalent to around 10.2% of the Group's total.
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In 2021, one customer contributed to the generation of US$ 37.9 million in revenues, equivalent to around 15.4% of the Group's total
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| Explanation of significant changes in contract assets and contract liabilities [text block] |
Revenue-related contract assets, represent accrued income arising from the DIS Group's right to consideration for work performed but not billed at the reporting date on the aforementioned voyage charters (conditional right to consideration for the part of the contractual obligation performed, which is invoiced at the end of the performance obligation) and amounts to US$ 22.6 million as at 31 December 2022 (US$ 9.9 million as at 31 December 2021). Changes in contract assets depend among others on the duration of voyages, on freight rate levels, and on the number of vessels employed through such contracts. 100% of the transaction price allocated to contract assets as at 31 December 2022 was invoiced during the month of January 2023.
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