28. Deferred income
|
(in millions of euros) |
31 December 2025 |
31 December 2024 |
|
Lump-sum payments |
78 |
93 |
|
Financing benefit from interest rate swaps |
26 |
30 |
|
Subsidies |
2 |
1 |
|
Other |
1 |
- |
|
Income attributable to future years |
107 |
124 |
|
Less: to current liabilities |
-20 |
-18 |
|
Total non-current liabilities |
87 |
106 |
The lump sum payment for the wage cost increase resulting from the privatisation of the Rail and Public Transport Pension Fund in 1994 is expected to be released in favour of the result until 2035.
The financing benefit from interest rate swaps relates to the result on forward starting interest rate swaps that have been terminated and whose result is released on a straight-line basis over the term of the corresponding loans (maximum 10 years).
Accounting policy
These income items relate to lump-sum payments received under agreements whose term extends over future years. The income is recognised in the income statement over the term of the agreements to which it relates. The income is measured at amortised cost.