18 Contract liabilities
The carrying amount of current and non-current contract liabilities increased year-on-year from EUR 2.8 billion to EUR 3.4 billion. These substantially include deferred revenues. The increase resulted from higher contract liabilities in the United States and Germany operating segments. In connection with the acquisition of Ka’ena, contract liabilities in the United States operating segment increased by EUR 0.2 billion.
Revenue of EUR 3,200 million (2023: EUR 2,996 million) from contract liabilities that were still outstanding as of December 31, 2024 was realized in the reporting year. Of the total of contract liabilities, EUR 2,378 million (December 31, 2023: EUR 1,919 million) is due within one year.
For further information on the acquisition of Ka’ena in the United States operating segment, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies.”