Work in progress debit (also referred to as contract assets) pertain to the right to consideration for work on projects carried out and transferred to the client. In practical terms, this line item consists of the revenue (see also accounting policy 5) in proportion to the progress in fulfilling the performance obligation less invoiced instalments. Total expected project losses, if any, are directly recognised as expenses in the relevant period and are accounted for on the statement of financial position in provisions (see also accounting policy 21d). The work in progress debit is measured taking into account expected credit losses in a way similar to the method used for trade and other receivables (see accounting policy 15).