AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 513)

F-272

In addition, a provision is included as at balance sheet date for existing additional commitments to the fund and

the employees, provided that it is likely that there will be an outflow of funds for the settlement of the commit-

ments and that it is possible to reliably estimate the size of the commitments. The existence or non-existence of

additional commitments is assessed on the basis of the administration agreement concluded with the fund, the

pension agreement with the staff and other (explicit or implicit) commitments to staff. The provision is stated at

the best estimate of the present value of the anticipated costs of settling the commitments as at balance sheet

date.

For any surplus at the pension fund as at balance sheet date, a receivable is recognised if the company has the

power to withdraw this surplus, if it is likely that the surplus will flow to the company and if the receivable can

be reliably determined.

Revenue recognition

Sale of goods

Revenue from the sale of goods is measured at the fair value of the consideration received or receivable, net of

returns and allowances, trade discounts and volume rebates. Revenue is recognised when the significant risks

and rewards of ownership have been transferred to the buyer, recovery of consideration is probable, the associ-

ated costs and possible return of goods can be estimated reliably, and there is no continuing management in-

volvement with the goods.

Transfers of risks and rewards vary depending on the individual terms of the contract of sale. In general the

group recognises revenue from the sale of goods and equipment when a contractual arrangement with its

customer exists, delivery has occurred, the amount of revenue can be measured reliable and is profitable that the

economic benefits associated with the transaction will flow to the group. Accruals for estimated returns are

recorded at the same time based on contract terms and prior claims experience. In arrangements where the

customers specifies final acceptance of the goods, equipment, services or software, revenue is generally deferred

until all the acceptance criteria have been met.

Service revenue related to repair and maintenance activities for goods sold is recognized ratably over the service

period or as services are rendered. Revenue from training and consulting services is recognised when the

services are performed.

For product sales through resellers and distributors, revenue is recognised at the time of the shipment to

distributors.

When two or more revenue generating activities or deliverables are sold under a single arrangement, each

deliverable that is considered to be a separate unit if account is accounted for separately. The allocation of

consideration from a revenue arrangement to its separate units of account is based on the relative fair value of

each unit. If the fair value of the delivered item is not reliably measurable, then revenue is allocated based on the

difference between the total arrangement consideration and the fair value of the undelivered item.

Licence fees and royalties

Licence fees and royalties are paid for the use of an entity’s assets, for example trademarks, patents, software.

Revenue is recognised on transfer of rights to the licensee or on a straight-line basis over the licence period.

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AEG 21604 G Bedienungsanleitung Seite 513