4) Other revenue


Revenue by sector

in €m

2011

2010

MRO services

2,095

2,207

Catering services

1,548

1,539

Travel services (commissions)

171

160

IT services

247

248

Ground services

107

93

Other services

787

746

 

4,955

4,993

MRO services make up the majority of external revenue in the MRO segment. Other revenue in the MRO segment from the sale of material and hiring out material and engines, as well as logistics services, are classified as other services.

The revenue listed under catering services originates exclusively in the Catering segment. LSG Food & Nonfood Handel GmbH and LSG Airport Gastronomiegesellschaft mbH, in particular, also earn revenue in the Catering segment, which does not relate to catering services and is shown under other services.

Revenue from IT services relates to revenue from the IT Services segment.

Other revenue includes revenue of EUR 286m (previous year: EUR 188m) from work in progress in connection with long-term production and service contracts. This revenue has been recognised in line with the percentage of completion method. If earnings from the whole contract could not be estimated reliably, the costs incurred for the contract were recognised. If the realisable revenue in these cases was below the costs incurred for the contract, write-downs were made accordingly. The percentage of completion was calculated on the basis of the ratio of contract costs incurred by the balance sheet date to the estimated total costs for the contract.

Accumulated costs for unfinished contracts, i. e. including amounts recognised in prior years, amounted to EUR 296m (previous year: EUR 213m). Profits of EUR 50m were set off against them (previous year: EUR 36m). Advance payments by customers amounted to EUR 330m (previous year: EUR 201m). Unfinished contracts with a net credit balance – less any write-downs – are disclosed in trade receivables, see “Note 29”. Unfinished contracts for which advance payments by customers exceed the costs plus any offset pro rata profit are recognised as advance payments, see “Note 44”. No monies were withheld by customers.

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