B6 Customer contract related balances

12 Months Ended

Dec. 31, 2023

Subclassifications of assets, liabilities and equities [abstract]


		Customer contract related balances


Trade receivables, customer finance, contract assets, contract liabilities and deferred sales commissions
	2023		2022
Customer finance credits 1)		6,917		5,370
Trade receivables 2)		42,215		48,413
Contract assets		7,999		9,843
Contract liabilities 3)		34,416		42,251
Deferred sales commissions 4)		1,006		754

1)	Of the total Customer finance credits balance, SEK 5,570 (4,955) million is current .

2)	Total trade receivables include SEK 166 (70) million relating to associated companies.

3)	The decrease in contract liabilities is mainly due to decreased incentive earnings based on lower sales as well as utilization of incentives in the period .

Of the total Deferred sales commissions balance SEK 414 (345) million is current. The

non-current

balance is presented within Other financial assets,

non-current

(see note F3 “Financial assets,

non-current”)

and the current balance is presented within Other current receivables (see note B7 “Other current receivables”).

Deferred sales commissions amortized in the year is SEK 457 (288) million.

For information about credit risk and impairment of customer contract related balances, see note F1, “Financial risk management.”


Revenue recognized in the period
	2023		2022
Revenue recognized relating to the opening contract liability balance		32,874		25,601
Revenue recognized relating to performance obligations satisfied, or partially satisfied, in prior reporting periods		134		–7

Revenue recognized relating to performance obligations satisfied, or partially satisfied, in prior reporting periods is a net adjustment that relates to contract modifications, retrospective price adjustments, settlement and adjustments to variable consideration based on actual measurements concluded in the period.


Transaction price allocated to the remaining performance obligations
	2023		2022
Aggregate amount of transaction price allocated to unsatisfied, or partially unsatisfied, performance obligations		133,247		169,609

The Company expects that the transaction price allocated to the remaining performance obligations will be converted into revenue in accordance with the following

estimates

65% in 2024, 15% in 2025 and

the

remaining 20% in 2026 and beyond.