Turnover comprises of revenue from the sales of goods, provision of services which is measured at the fair value of the consideration received or receivable and represents amounts that are receivable in respect of the sale of goods or the provision of services provided in the ordinary course of business and is stated net of discounts and value added tax and other sales related taxes.
The accounting policies for the Company's revenue streams are described below.
Events:
Turnover arising from events (ticket sales, stand sales and sponsorship) is recognised on completion of the event once all services have been rendered. Advance receipts from exhibitors, sponsors and advance ticket sales are recognised as deferred income until such time as the event is complete.