Babylon Holdings Limited Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade and Other Receivables, Prepayments and Contract Assets (Tables)

Trade and Other Receivables, Prepayments and Contract Assets (Tables)

12 Months Ended

Dec. 31, 2021

Subclassifications of assets, liabilities and equities [abstract]

Disclosure of Current Trade and Other Receivables, Prepayments and Contract Assets


			As of December 31,
			2021						2020
			$’000						$’000
Trade receivables (Note 8)			8,278						4,674
Other receivables			13,796						8,914
Prepayments			21,516						6,463
Contract assets			4,484						2,378
VAT receivable (payable)			2,045						(63)
			50,119						22,366

Description of Changes in Contract Assets

The table below shows significant changes in contract assets:


			2021						2020
			$’000						$’000
Balance at January 1			2,378						1,541
Revenues recognized but not billed			3,444						1,511
Amounts reclassified to trade receivable			(1,338)						(674)
Balance at December 31			4,484						2,378