Stevanato Group S.p.A. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Contract Liabilities and Advances from Customers

Contract Liabilities and Advances from Customers

12 Months Ended

Dec. 31, 2021

Deferred Income Including Contract Liabilities [Abstract]

Contract liabilities and advances from customers

35. Contract liabilities and advances from customers

Contract liabilities and advances from customers are as follows:


	At December 31,		At December 31,
(EUR thousand)	2021		2020
Contract Liabilities		18,771		5,031
Advances from customers		23,616		48,361
Total contract liabilities and advances from customers		42,387		53,392

Current		42,387		53,392
Non-current		—		—

Contract liabilities relate to ongoing customer-specific construction contracts of the Engineering System Division and of the In-vitro diagnostic business. The Group has contract net liabilities of EUR 18,771 thousand and EUR 5,031 thousand as at December 31, 2021 and December 31, 2020 respectively. Contract assets gross amounts to EUR 27,504 thousand (EUR 10,828 thousand in 2020), net of invoices issues of EUR 46,275 thousand (EUR 15,859 thousand in 2020).

Advances from customers relate to sales whose revenues are recognized at point in time.