18 | Contract assets
| in TUSD | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|
| Contract assets | 69,113 | 100,627 |
| Contract acquisition costs | 19,610 | 11,862 |
| Total contract assets | 88,723 | 112,489 |
Contract assets relate to FIFA’s past performance under a contract for which the customer has not yet paid consideration or before payment is due. They are transferred to receivables when the right to receive payment becomes unconditional. Contract assets are regularly reviewed for impairment indicators.
Significant changes in contract asset balances during the period are as follows:
| in TUSD | 2021 | 2020 |
|---|---|---|
| Contract assets as at 1 January | 100,627 | 70,264 |
| Transfers from contract assets recognised at the beginning of the period to receivables | -100,627 | -58,218 |
| Increase as a result of changes in the measure of progress | 68,977 | 88,701 |
| Impairment (loss)/release | 136 | -120 |
| Contract assets as at 31 December | 69,113 | 100,627 |
| Of which current | 69,113 | 100,627 |
| Of which non-current | 0 | 0 |
| in TUSD | 2021 | 2020 |
|---|---|---|
| Contract acquisition costs as at 1 January | 11,862 | 4,638 |
| Costs of obtaining contracts during the year | 10,577 | 7,385 |
| Amortisation recognised as cost of providing services during the year | -2,829 | -161 |
| Contract cost assets as at 31 December | 19,610 | 11,862 |
FIFA has recognised contract acquisition costs arising from the capitalisation of incremental agency fees. These costs have been incurred in order to obtain certain Asian television broadcasting rights and contracts with FIFA World Cup Sponsors.
The contract acquisition costs are amortised in line with the pattern of when services are actually provided to the customers.
| in TUSD | 2021 | 2020 |
|---|---|---|
| Aggregate amount of the transaction price allocated to long-term contracts for the 2019-2022 cycle that are partially or fully unsatisfied as at 31 December | 4,166,385 | 3,994,761 |
| Of which | ||
| – Television broadcasting rights | 2,801,965 | 2,699,723 |
| – Marketing rights | 1,148,476 | 1,039,336 |
| – Licensing rights | 40,944 | 43,202 |
| – Hospitality rights and ticket sales | 160,000 | 160,000 |
| – Other revenue | 15,000 | 52,500 |
The above table includes revenue expected to be recognised in FIFA’s current four-year business cycle ending with the FIFA World Cup in 2022 and is related to performance obligations that are unsatisfied during the reporting period. Revenue from unsatisfied performance obligations at 31 December 2021, which is expected to be recognised in the cycles ending in 2026 and 2030, amounted to USD 3,641 million (as at 31 December 2020: USD 4,194 million). Contracted revenue will be recognised in line with the transfer of control over services as described in Note E.
