5.3.25Deferred Income

The deferred incomes are as follows:

31 December 2016

31 December 2015

Deferred income on operating lease contracts

247

245

Other

16

15

Total

263

260

The deferred income on operating lease contracts is mainly related to the revenue for one of the operating lease units, which reflects a degressive day-rate schedule. As income is shown in the income statement on a straight-line basis with reference to IAS 17 ‘Leases’, the difference between the yearly straight-line revenue and the contractual day rates is included as deferred income. The deferral will be released through the income statement over the remaining duration of the relevant contracts.