annual
and financial reports

Financial statements
Key reporting principles

IFRS 15 standard:
Revenue from Contracts
with Customers

Revenue recognition 
Revenue=
Sales since the beginning of the project
Percentage of project readiness
Previously recognized revenue
Year 1 of project
20 % project completion percentage
background
Revenue = 
30 mln × 20%
rub 6 mlnrevenue for the period
Year 2 of project
60 % project completion percentage
background
Revenue = 60 mln × 60% - 6 mln
rub 30 mlnrevenue for the period
Year 3 of project
100 % project completion percentage
background
Revenue = 90 mln × 100% - 36 mln
rub 54 mlnrevenue for the period
Cumulative sales
Current-period revenue
Previously recognised cumulative revenue
Contacts
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