22. Deferred credits

(in millions of euros)

December 31, 2016

December 31, 2015

Financing benefits

-

1

Lump sum payments

249

272

Adjustment mechanism for the main rail network concession

119

-

Deferred credits

368

273

Less: current

-40

-10

Total non-current as at 31 December

328

263

The one-off payments plus the original balance (one-off payment for pay increases resulting from making SPF independent in 1994) are expected to be released in 2035, and be credited to the income statement. The concession fee adjustment mechanism included in HRN concession (see Note 29) and will be released linearly in the income statement during the term of the concession until 2024.