Notes to the financial statements: Notes
1 Net sales
|
CHF thousand |
2021 |
2020 |
|
|
|
|
|
Net sales |
921,671 |
599,330 |
|
Revenue from energy sales 1) |
915,308 |
595,200 |
|
Revenue from long term contracts |
6,363 |
4,130 |
1) As of 31 December 2021, the presentation of the note on net sales was adjusted so that the item "Result from held for trading positions" is no longer reported separately, as in the consolidated financial statements. It is now included in the item "Revenue from energy sales". The breakdown of the previous year was adjusted accordingly and the item “Revenue from energy sales” was increased by CHF 16,496 thousand.
Revenue from energy sales is recognised in the income statement when delivery of goods or services has been performed. Sales revenue increased significantly versus the prior year because of year-on-year increases in energy trading volumes and energy prices.
Long-term contracts are recognised in accordance with the percentage of completion method.