Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Transfer Pricing and Management Fees
Dark Matter Laborabories Limited is subject to a transfer pricing agreement with other Dark Matter Laboratories entities to provide and receive services at cost plus an agreed mark up. A management fee was also charged by an entity under common ownership in support of its activities for the Net Zero Cities work which is of strategic importance for the group.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.