The group of contracts of Aurore SA has a contractual service margin of 9,000 before release. Management uses the number of contracts covered as the coverage unit (management's judgement: a choice not imposed by the standard). The group provided 150 units coverage units in the period and will provide 600 units in the future (case data). Calculate the amount released to profit or loss for the period and the closing margin.
- Margin before release
- 9,000
- Coverage units provided in the period
- 150
- Coverage units expected in the future
- 600