Notes to the consolidated financial statements: notes

1 Net sales from goods and services

Revenue from energy business and revenues from services and other usual business activities are recognised in the income statement when delivery of goods or services has been performed. Sales of products and related services are broken down into their material performance obligations, measured, and realised on the date they are performed.

Long-term contracts are recognised in accordance with the percentage of completion method. Revenues from services and other usual business activities contain revenues of CHF 6,767 thousand (prior year: CHF 0 thousand).

A breakdown of net revenues by Repower AG business segment is presented in the note on segment reporting (Note 37).