r)
Revenue
Revenue,
which
excludes
value
added
tax,
returns,
trade
discounts
and
volume
rebates,
represents
the
gross
inflow
of economic
benefit
from
Company’s
operating
activities.
Revenue
is
measured
at
the
transaction
prices
of
the
consideration
received or receivable. The Company’s main sources of revenue are recognized as follows:
(a)
Retail
revenue
consists
primarily
of
subscription
fees
paid
by
our
pay
digital
television
contract
customers
and
our
contract
customers
for
telecommunication
services.
Retail
revenue
also
includes
received
contractual
penalties
related
to
terminated
agreements
which
are
recognized
when
the
contract
is
terminated
and
revenue
from
the
rental
of
reception
equipment.
Revenue
from
above
mentioned
services
is
recognized
as
these
services
are
provided
.
Revenue
from
the
rental
of
reception
equipment
and
activation
fees
are
recognized
on
a
straight-line
basis
over
the
minimum base period of the subscription contract.
Revenues
from
prepaid
mobile
telephone
services
are
recognized
in
profit
or
loss
once
the
prepaid
credit
is
utilised
or forfeited.
(b)
Wholesale
revenue
consists
of
revenue
from
the
sale
of
broadcasting
and
signal
transmission,
advertising
and
sponsorship revenue, revenue from the sale of licenses, sublicenses and property rights and interconnect revenue.
Wholesale revenue is recognized, net of any discount given, when the services are provided.
(c)
Revenue
from
sale
of
equipment
is
measured
at
the
fair
value
of
the
consideration
received
or
receivable,
in
case
of
multi-element
contracts
after
the
allocation
of
the
transaction
price
based
on
the
standalone
selling
price,
net
of
discounts,
rebates
and
returns.
Revenue
from
the
sale
of
goods
is
recognized
in
profit
or
loss
when
the
significant
risks and rewards of ownership have been transferred to the customer.
(d)
Other revenue is recognized, net of any discount given, when the relevant goods or service are provided.
The Company’s process for revenue recognition from multi-element contracts consists of:
a)
assessment
of
all
goods
and
services
provided
to
the
client
under
the
contract
and
identifying
separate
performance obligations in that contract
b)
determining
and
allocating
the
transaction
prices
to
separate
performance
obligations
in
the
contract;
the
allocation
is
based
on
the
reference
to
their
relative
standalone
selling
prices
that
could
be
obtained
if
the
promised
goods
and services were sold individually in a separate transaction.
s)
Distribution fees
Commissions
for
distributors
for
registering
new
subscribers
and
for
retention
of
existing
subscribers
are
recognized
during
the
minimum
basic
period
of
the
subscription
agreement
and
presented
in
the
income
statement
in
Distribution,
marketing,
customer relation management and retention costs
Turnover
commissions
for
concluding
a
certain
number
of
subscription
contracts
are
recognized
in
the
income
statement
as they are due.
Commissions
for
distributors
which
will
be
settled
within
the
period
of
12
months
after
the
balance
sheet
date
are
presented
as
current
assets,
however,
the
commissions,
which
will
be
settled
after
the
12-month
period
from
the
balance
sheet
date,
are presented as non-current assets.