Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes.
Other letting and operating of own or leased real estate
Turnover represents rental and property business income arising from the provision of residential accommodation. The company operates a residential property letting and rent-to-rent business under SIC 68209 – Other letting and operating of own or leased real estate.
Rental income
Rental income is recognised on a straight-line basis over the term of the relevant tenancy, licence or occupancy agreement, unless another systematic basis is more representative of the pattern in which the benefit is provided. Rental income received in advance is deferred, while income earned but not yet received is accrued at the reporting date.