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22. Deferred income

The deferred income of €738 million (2018: €694 million) consists mainly of amounts for student public transport passes in the Netherlands received in advance and season ticket payments received in advance in the United Kingdom and the Netherlands.

Accounting policies

This income concerns amounts received in a single payment under agreements with terms extending to future years. The income is credited to the income statement over the term of the agreements to which it relates. The income is measured at amortised cost.

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