Investor Presentaiton
nuuday
Management review Financial statements Section 1
Section 2
Section 3
Section 4 Section 5
Section 6
Parent company
Statements
2.1| Revenue
(DKKm)
2022
2021
Sales of goods recognised at a point in time
Sales of services recognised over time
Total
1,394
13,280
1,364
13,293
14,674
14,657
Revenue specified by services (DKKm)
2022
2021
Landline voice
Mobile services
Internet & network
TV
Other services
Total
746
5,085
806
4,907
3,460
3,474
3,452
1,931
14,674
3,438
2,032
14,657
AIA Critical accounting estimates and judgements
Revenue recognition for a telecom oper-
ator is a complex area of accounting
that requires management estimates
and judgements.
Recognition of revenue depends on
whether the Group acts as a principal in
a transaction or an agent representing
another company. Whether the Group is
considered to be the principal or agent in
a transaction depends on an analysis of
both the form and substance of the cus-
tomer agreement. When the Group acts
as the principal, revenue is recognised at
the agreed value, whereas when the
Group acts as an agent, revenue is rec-
ognised as the commission the Group
receives for arranging the agreement.
Judgements of whether the Group acts
as a principal or as an agent impact on
the amounts of recognised revenue and
operating expenses, but do not impact.
on net profit for the year or cash flows.
Judgements of whether the Group acts
as a principal are used primarily in trans-
actions covering content.
When the Group concludes contracts
involving complex sale of goods and
services, management judgements are
required to determine whether goods
and services shall be recognised
together or as separate goods and
services.
Management estimates are also used
for allocating the transaction price to
the individual elements based on their
respective fair values, if judged to be
recognised separately. For example,
business customer contracts can com-
prise several elements related to mobile
phones, subscriptions, leases, etc.
Nuuday Annual Report 2022
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