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Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue

Schedule of disaggregation of revenue from contracts with customers

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​	​	​	​	​
EUR’000		2023	2022	2021
Revenue disaggregation	​	​	​	​
Time charter services and transportation and installation services	​	99,841	104,578	56,449
Other revenue, including fees earned for early termination by customers of contracts	​	8,781	1,846	4,489
Total revenue		108,622	106,424	60,938

​

Schedule of transaction price allocated to remaining performance obligations

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​	​	​	​	​
EUR’000		2023	2022	2021
Beginning of financial year		3,157	16,156	8,810
Acquisition of businesses	​	1,913	—	—
Deferred during the year		10,670	2,857	9,097
Recognised as revenue during the year		(1,859)	(15,856)	(1,751)
Total liabilities at end of period		13,881	3,157	16,156

Schedule of Contract backlog

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​	​	​	​	​
EUR million		2023	20222	20212
Contract backlog as of 31 December¹	​	​	​	​
Within one year	​	192	84	110
After one year		1,365	696	299
Total		1,557	780	409

¹ Contract backlog (excluding bunker) is split between, EUR 1,379 million firm and EUR 178 million options.

² Contract backlog (excluding bunker) for 2022 was split between, EUR 653 million firm and EUR 127 million options and for 2021, EUR 351 million firm and EUR 58 million options.

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The disclosure of the disaggregation of revenue from contracts with customers. [Refer: Revenue from contracts with customers]

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