18 Noncurrent and current other receivables

 

 

CARRYING AMOUNT

 

CARRYING AMOUNT

€ million

 

Current

 

Noncurrent

 

Dec. 31, 2020

 

Current

 

Noncurrent

 

Dec. 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Other recoverable income taxes

 

4,063

 

1,058

 

5,121

 

4,244

 

806

 

5,050

Miscellaneous receivables

 

3,318

 

1,810

 

5,128

 

3,028

 

1,916

 

4,945

 

 

7,381

 

2,867

 

10,248

 

7,272

 

2,722

 

9,995

Miscellaneous receivables include assets to fund post-employment benefits in the amount of €41 million (previous year: €65 million). This item also includes the share of the technical provisions attributable to reinsurers amounting to €46 million (previous year: €58 million).

Current other receivables are predominantly non-interest-bearing.

Other receivables include contingent receivables from long-term construction contracts recognized in accordance with project progress. They correspond to the contract assets recognized under contracts with customers and changed as follows:

€ million

 

2020

 

2019

 

 

 

 

 

Contingent construction contract receivables Balance at Jan. 1

 

314

 

352

Additions and disposals

 

64

 

−36

Changes in consolidated Group

 

 

Change in valuation allowances

 

10

 

1

Classified as held for sale

 

 

4

Changes in estimates and assumptions as well as contract modifications

 

 

Foreign exchange differences

 

0

 

2

Contingent construction contract receivables at Dec. 31

 

389

 

314

Costs to fulfill contracts were not capitalized in the Volkswagen Group. The Volkswagen Group capitalizes costs to obtain a contract and amortizes them on a straight-line basis over the life of the contract only if they are material, the underlying contract has a term of at least one year, and these costs would not have been incurred, if the corresponding contract had not been entered into. On December 31, 2020, costs to obtain contracts amounting to €63 million (previous year: €65 million) were recognized as assets. In 2020, amortization charges on capitalized costs to obtain contracts amounted to €23 million (previous year: €13 million). No impairment losses were recognized on capitalized costs to obtain contracts in 2020 and 2019.