Integrated Reports Senwesbel Consolidated Financial Statements 2018 - Page 74

2.9 REVENUE RECOGNITION Revenue includes income earned from the sale of goods, storage and handling fees, income from services rendered, commission income, finance and dividend income. Interest received as a result of credit extension is also stated as revenue but only to the extent that collection is reasonably assured. Revenue is measured at fair value of the consideration received or receivable, net of any discounts, rebates and related taxes. The group assesses its revenue agreements in order to determine if it is acting as a principal or agent. Intragroup sales are eliminated on consolidation. BBBBTPTSTQ][YHH\X\ݚYY\Xۚ\YHZ[[X[HY\و\][ۈ]\ܝ[]H[Y\[[B]\Z[Y]X\ۘXHX\XKY][YH[H]\Z[Y]X\ۘXHX\XK]\ۛHXۚ\YH^[قXݙ\XH^[\[\Y BBBBBBBBBBBBBB\X[]\H[X[ۜ]Y\Y[ \[\\YY[\\Z[[]\H]X[Y[][YK[HZ\]\B\[[H]Y[H[\\]\[X[\[\[ H[\Z[X\ۈ܈H[X[ۜ\ܙY]^[[ۋ[Z\[ۂ[YH\Xۚ\YۈXZ\و]Y[H]H܈\X\]HY[[]\YH^Y\BBBBBBBBB\[Z\[ۈ\Xۚ\Y\[YH\[[H\XH\[\Y܋Y\XXK[\\وH۝XYܙY[Y[ BBBBBBBSSHSQB[\\[YHۈ[[[X[[[Y[YX\\Y][[ܝ\Y\XܙY\[HYX]H[\\]H RTHY] RT\B]H]^XH\[H\[X]Y]\H\^[Y[܈XZ\ݙ\H^XYYHوH[[X[[[Y[܈Hܝ\\[ \H\X]KH]\Z[[[[وH[[X[\]܈XX[]K[\\[YH\[YY[[[H[YH[H][Y[وٚ]܈˂BBBBBBBSQHHSHшB[YHH\][X]]Y\\\Hو[YHXZ]YHH[HوۈܘZ[[[\وYX[\][ۈ[\B\˂BBBBBBBBBBBBBB][YHH[\و\Xۚ\Y[HX]\X[\[]\وۙ\\وH\H[ٙ\YH^Y\[X\ۘXH\\[H^\]HXۛZX[Y]وH[X[ۈ[H\[\˂BSQHHSSUHQS’[ܘZ[[[[X[ۜXH\^\H]Y\\\\\YYH[[ۈH]\\^[KY^ \HBؚX]H\Y[]\[[]\HY^ \H[X[ۜ\H]X[Y[ٚ]܈˂BBBBBBBB܈[H[\\\HYܙY[Y[ۈ[\]\[H[[X[\]H\\وHYܙY[Y[YYH[[\Y]\Z[B]\H[\\[ٙ\YH\[]\وۙ\\H^Y\[[H][YH\Xۚ\Y [H[\\œ]Z[YH\[]\وۙ\\ ][YHY[]H\Y[[ٙ\Y H[X[ۈ\H[[[YܙY[Y[[\]H\H][YKBBBBBBBBUQSPRUQ]Y[XZ]YH[\Y[\HXۚ\Y[H\Z\&HYXZ]H^[Y[\\X\Y LSSPSSSQSŒL H[[X[\]΂SUPSPӒUSӈSQPTTSQS[[X[\]][HHوPT H[QH\H\YYY\[[XZ]X\]Z[XKY܋\[H܂]Z\[YHYٚ][[[X[\]܈\\]]]\\Yۘ]Y\Y[[[Y[[[YX]HYK\\X]KHܛ\]\Z[\H\YX][ۈو][[X[\]][]X[Xۚ][ۋ[[[X[\]\HXۚ\Y[]X[H]Z\[YH\[H\Hو[[X[\]XܙY]Z\[YKYٚ]܈[X[ۈ]\H]X]XHHX]Z\][ۈوH[[X[\] BBBBBBL KKSSPRUPT“[[XZ]X\\HۋY\]]]H[[X[\]]^Y܈]\Z[XH^[Y[]\H][Y[[X]HX\] ^H\H[YY[\[\]^\܈X]\]Y\ܙX]\[[H[۝Y\H\ܝ[™]K\H\H\YYY\ۋX\[\]ˈ[[XZ]X\\H\YYY\YH[\XZ]X\š[H][Y[و[[X[][ۋ[[XZ]X\\HXۚ\Y[]X[H]Z\[YH\[X[ۂˈHX\]Y[YX\\[Y[\][[ܝ\Y\[\Z\Y[ \[HYX]H[\\]HY] [\\[YH]\Z[YH\[HYX]H[\\]HY]\[YY[[[H[YH[ٚ]܈˂”STБSSPSSSPSUSQS NHB[\ؙ[[Z]YYΈ NNM M͌K