16.2 Other current assets
| As at 31 December 2023 |
As at 31 December 2022* |
|
|---|---|---|
| PREPAYMENTS AND DEFERRED EXPENSES | ||
| Customer acquisition costs | 79 | 60 |
| Long-term contracts | 37 | 35 |
| Property and tort insurance | 28 | 17 |
| IT services | 24 | 19 |
| CSBF | 12 | 5 |
| Logistic costs related to purchase of coal | 9 | 55 |
| Other prepayments and deferred expenses | 13 | 30 |
| OTHER CURRENT ASSETS | ||
| Input VAT receivables | 2,474 | 1,570 |
| Prepayments for deliveries | 464 | 404 |
| Excise tax receivables | 7 | 12 |
| Other current assets | 34 | 31 |
| TOTAL OTHER ASSETS | 3,181 | 2,238 |
The amount of input VAT receivables and the amount of prepayments for deliveries are mainly related to purchases and future coal deliveries for the Conventional Power Generation segment.
| SIGNIFICANT ACCOUNTING PRINCIPLES |
|---|
|
Customer acquisition costs Costs incurred prior to the execution of a contract for the performance of its subject matter are classified as other assets and recognised as prepayments if it is likely that future revenue from the customer will cover such costs. |
As at 31 December 2023 and 31 December 2022, the Group recognised the following costs to be settled over time:
| Year ended 31 December 2023 |
Year ended 31 December 2022 |
|
|---|---|---|
| AS AT 1 JANUARY | 162 | 162 |
| Capitalised incremental costs of obtaining a contract | 81 | 56 |
| Depreciation and write-downs | (62) | (56) |
| AS AT 31 DECEMBER | 181 | 162 |
| Short-term | 79 | 60 |
| Long-term | 102 | 102 |
Incremental costs of obtaining a contract comprise mainly agency commissions for customer acquisition or retention.
The asset is depreciated on a systematic basis, taking into account the period over which the goods or services to which it relates are transferred to the customer.