Revenues |
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| Revenues | Note 11 – Revenues The Company has one operating segment, which generates revenue via industrial manufacturing solutions of multi-disciplinary technology - combining hardware, software, and materials science. Revenues per geographical location:
Timing of revenue recognition:
The table below provides information regarding receivables and contract liabilities deriving from contracts with customers.
The contract liabilities primarily relate to the advance consideration received from customers for contracts giving yearly maintenance for the printer. The revenue is recognized in a straight-line basis over the contracts’ period. Note 11 – Revenues (Cont.) Contract costs Management expects that commissions paid to agents for obtaining contracts are recoverable. The Group recognizes incremental costs for obtaining the contract as an expense as incurred, where the amortization period of the asset it would have otherwise recognized is one year or less. |
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