Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Turnover represents income receivable from touring show activities and is recognised in the period in which the Company has satisfied its performance obligations under the relevant contract, being the date on which each performance takes place.