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71 A.P. Moller-Maersk Annual Report 2020 Note 1 Segment information - continued Table 1.3 USD million Ocean Logistics & Services Types of revenue Terminals & Towage Manufacturing & Others Eliminations¹ Total revenue Financials Consolidated financial statements Notes index 2020 2019 Freight revenue 24,920 24,466 Other revenue, including hubs 4,255 4,316 Intermodal revenue 2,736 2,932 Supply chain management revenue 961 861 Inland services revenue 527 519 Sea freight revenue 460 546 Air freight revenue 780 485 Other services revenue 1,499 988 Terminal services 3,151 3,278 Towage services 681 695 Sale of containers and spare parts 587 586 Offshore supply services 252 306 Other shipping activities Other services 347 404 68 80 -1,484 39,740 -1,572 38,890 Set out below is the reconciliation of the revenue from contracts with customers to the amounts disclosed as total revenue: Table 1.4 Revenue from contracts with customers Revenue from other sources Vessel-sharing and slot charter income Lease income Others Total revenue Table 1.5 Contract balances Trade receivables Accrued income - contract asset Accrued income - contract liability Deferred income - contract liability 2020 2019 38,727 37,641 929 1,188 18 21 66 40 39,740 38,890 2020 2019 3,634 3,248 48 149 49 59 Amounts in USD million = Table 1.3 1 Revenue eliminations between terminal services and towage services are included under Eliminations. Table 1.5 Accrued income included in trade receivables in the balance sheet constitutes contract assets comprising unbilled amounts to customers representing the Group's right to consideration for the services transferred to date. Any amount previously recognised as accrued income is reclassified to trade receivables at the time it is invoiced to the customer. Deferred income is recognised in the in- come statement within 12 months. Under the payment terms generally applicable to the Group's revenue-generating activities, prepayments are received only to a limited extent. Typically, payment is due upon or after completion of the services. Part of the deferred income presented in the balance sheet constitutes contract liabilities which represent advance payments and billings in excess of revenue recognised. There were no significant changes in accrued income and deferred income during the reporting period. Impairment losses disclosed in note 16 relate to receiva- bles arising from contracts with customers.

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