Allego N.V. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Revenue from contracts with customers

Revenue from contracts with customers

12 Months Ended

Dec. 31, 2021

5.	Revenue from contracts with customers

Disaggregation and timing of revenue from contracts with customers

Set out below is the disaggregation of the Group’s revenue from contracts with customers.


(in €‘000)	2021		2020		2019
Type of goods or service
Charging sessions		26,108		14,879		9,515
Service revenue from the sale of charging equipment		37,253		15,207		9,147
Service revenue from installation services		19,516		12,313		6,880
Service revenue from operation and maintenance of charging equipment		3,414		1,850		280
Total revenue from external customers		86,291		44,249		25,822
Timing of revenue recognition
Services transferred over time		22,930		14,162		7,160
Goods and services transferred point in time		63,361		30,087		18,662
Total revenue from external customers		86,291		44,249		25,822

Assets and liabilities related to contracts with customers

The Group has recognized the following assets and liabilities related to contracts with customers:


(in €‘000)	December 31, 2021		December 31, 2020
Assets
Current contract assets		1,226		41
Loss allowance		—		—
Total contract assets		1,226		41
Liabilities
Current contract liabilities		21,192		7,278
Total contract liabilities		21,192		7,278

Refer to Note 19 for details on trade receivables and the loss allowance on trade receivables and contract assets.

Significant changes in contract assets and liabilities

The change in contract assets and contract liabilities is the result of the Group’s EPC activities which started in 2019 and which have increased since then. For certain EPC contracts, the Group provides services exceeding the payments received from customers which result in contract assets. Conversely, the Group receives prepayments for certain EPC contracts which result in contract liabilities. For the year ended December 31, 2021, contract assets increased mainly for EPC contracts with

Mega-E

where significant milestones were reached. Contract liabilities increased mainly as a result of prepayments received for EPC contracts with EV Cars. For more information on balances with related parties, reference is made to Note 33.2.

The Group also recognized a loss allowance for contract assets in accordance with IFRS 9, see Note 30 for further information.

Revenue recognized in relation to contract liabilities

The following table shows how much revenue the Group recognized that relates to carried-forward contract liabilities.


(in €‘000)	2021		2020		2019
Revenue recognized that was included in the contract liability balance at the beginning of the period		7,280		5,250		3,715

Performance obligations

The transaction price allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at each reporting date is, as follows:


(in €‘000)	December 31, 2021		December 31, 2020
Within one year		25,274		23,384
Total		25,274		23,384

All remaining performance obligations are expected to be recognized within one year from the reporting date, for each of the reporting periods presented.