XML 32 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2017
SEGMENT INFORMATION  
SEGMENT INFORMATION

 

6.SEGMENT INFORMATION

 

Operating segments are defined as components of a group entity about which discrete financial information is available for regular evaluation by the chief operating decision maker, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the executive team.

 

The executive team regularly reviews revenue analysis and the Group’s consolidated results for the periods presented for the purposes of resource allocation and performance assessment. As no other discrete financial information is available for the assessment of different business activities, no segment information is presented other than entity-wide disclosures.

 

Based on the financial information presented to and reviewed by the chief operating decision maker in deciding how to allocate the resources and in assessing the performance of the Company, the Company has determined that it has one operating segment which is the development and operation of solar parks and related business activities.

 

Geographical information

 

The Group’s operations are located in the respective countries of domicile of the Group’s subsidiaries. The operations of the Group include the Republic of Bulgaria (“Bulgaria”), the Federal Republic of Germany (“Germany”), the Hellenic Republic (“Greece”), Czech, Japan, Spain, Uruguay, Canada and USA during the periods presented.

 

Information about the Group’s revenue is presented based on the location of the operations. Information about the Group’s non-current assets is presented based on the geographical location of the assets.

 

 

 

Revenue for the
year ended December 31,

 

 

 

2015

 

2016

 

2017

 

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

Bulgaria

 

881

 

871

 

966

 

Canada

 

8,327

 

8,724

 

382

 

Czech

 

3,284

 

3,197

 

3,548

 

Germany

 

249

 

27

 

 

Greece

 

8,849

 

8,748

 

1,650

 

Japan

 

24,728

 

37,757

 

37,887

 

Spain

 

405

 

379

 

421

 

USA

 

31

 

3,797

 

6,681

 

Uruguay

 

401

 

2,425

 

5,198

 

 

 

 

 

 

 

 

 

 

 

47,155

 

65,925

 

56,733

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets
At December 31,

 

 

 

 

 

2016

 

2017

 

 

 

 

 

Thousand USD

 

Thousand USD

 

 

 

Bulgaria

 

65

 

92

 

 

 

Canada

 

1,037

 

1,956

 

 

 

Chile

 

122

 

3,164

 

 

 

Czech

 

15,409

 

15,127

 

 

 

Greece

 

17

 

109

 

 

 

Japan

 

217,432

 

234,398

 

 

 

PRC

 

2,161

 

268

 

 

 

Spain

 

2,998

 

6,446

 

 

 

USA

 

42,904

 

45,137

 

 

 

Uruguay

 

10,227

 

106,877

 

 

 

 

 

 

 

 

 

 

 

 

 

292,372

 

413,574

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets excluded deferred tax assets and amounts due from other related parties.

 

Information about major customers

 

Revenue from customers during the periods presented contributing over 10% of the total sales of the Group for each of the respective reporting periods are as follows:

 

 

 

Year ended December 31,

 

 

 

2015

 

2016

 

2017

 

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

Customer A

 

7,420

 

10,504

 

13,056

 

Customer B

 

6,951

 

10,861

 

11,684

 

Customer C

 

 

*

8,164

 

9,912

 

Customer D

 

7,834

 

7,103

 

 

*

 

*

The corresponding revenue does not contribute over 10% of the total revenue of the Group in the respective periods.