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CONTRACT ASSETS | 12 Months Ended
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Dec. 31, 2021
CONTRACT ASSETS |
CONTRACT ASSETS | 7. CONTRACT ASSETS The breakdown of contract assets is as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2021
Contract assets |  | 1,351 |  | 2,588
Allowance for expected credit losses |  | (112) |  | (115)
Net |  | 1,239 |  | 2,473
Short-term portion |  | (1,036) |  | (2,330)
Long-term portion |  | 203 |  | 143
​ As at January 1, 2020, the opening balances of contract assets amounted to Rp944 billion. ​ Management believes that the allowance for expected credit losses is adequate to cover losses on uncollectible contract asset. ​ Refer to Note 32 for details of related party transactions.

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