18 | Contract assets

in TUSD 31 Dec 2022 31 Dec 2021
Contract assets 192,947 69,113
Contract acquisition costs 2,280 19,610
Total contract assets 195,227 88,723

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 2022 2021
Contract assets as at 1 January 69,113 100,627
Transfers from contract assets recognised at the beginning of the period to receivables -68,931 -100,627
Increase as a result of changes in the measure of progress 192,944 68,977
Impairment (loss)/release -179 136
Contract assets as at 31 December 192,947 69,113
Of which current 192,947 69,113
Of which non-current 0 0
in TUSD 2022 2021
Contract acquisition costs as at 1 January 19,610 11,862
Costs of obtaining contracts during the year 50,790 10,577
Amortisation recognised as cost of providing services during the year -68,120 -2,829
Contract cost assets as at 31 December 2,280 19,610

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 Marketing Affiliates.

The contract acquisition costs are amortised in line with the pattern of when services are actually provided to the customers.

in TUSD 2022 2021
Aggregate amount of the transaction price allocated to long-term contracts for the 2023-2026 cycle that are partially or fully unsatisfied as at 31 December 2,587,972 2,466,019
Of which
– Television broadcasting rights 1,913,278 1,891,601
– Marketing rights 602,104 564,683
– Licensing rights 72,590 9,735

The above table includes revenue expected to be recognised in FIFA’s 2023-2026 business cycle ending with the FIFA World Cup™ in 2026 and is related to performance obligations that are unsatisfied during the reporting period. Revenue from unsatisfied performance obligations at 31 December 2022, which is expected to be recognised in the cycles ending in 2030 and 2034, amounted to USD 1,174 million (as at 31 December 2021: USD 1,174 million). Contracted revenue will be recognised in line with the transfer of control over services as described in Note E.