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 rendering of services. Turnover is reduced for estimated customer credits, rebates and other similar allowances.
Rendering of services
Turnover includes revenues earned from the rendering of engineering services which is generally charged on the basis of hours worked on a periodic basis. Turnover can also include the charge of recruitment fees when clients take services back in house.