XML 31 R12.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUE
12 Months Ended
Dec. 31, 2018
REVENUE  
REVENUE

5.    REVENUE

The Group’s revenue streams are mainly composed of pipeline plus EPC services, BT, sales of solar modules, O&M services and income from the sale of electricity generated by IPP solar parks. The following table summarizes the categories of the Group’s revenue:

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2016

    

2017

    

2018

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

Related parties:

 

  

 

  

 

  

—EPC services solar energy system sales

 

  

 

  

 

  

Sales of permits

 

525

 

 —

 

 —

—Other sales

 

  

 

  

 

  

-O&M services

 

263

 

286

 

324

-Sales of solar modules

 

 —

 

 —

 

 —

 

 

263

 

286

 

324

Subtotal

 

788

 

286

 

324

Non-related parties

 

  

 

  

 

  

—Electricity sales income

 

53,658

 

53,614

 

61,438

—EPC services solar energy system sales

 

  

 

  

 

  

-Provision of Pipeline plus EPC services

 

  

 

  

 

  

Sales of permits

 

 —

 

 —

 

 —

Provision of construction services

 

4,954

 

285

 

198

- BT

 

4,232

 

 —

 

 —

 

 

9,186

 

285

 

198

—Other sales

 

  

 

  

 

  

-O&M services

 

2,290

 

2,548

 

2,708

-Sales of solar modules

 

 3

 

 —

 

 1

 

 

2,293

 

2,548

 

2,709

Subtotal

 

65,137

 

56,447

 

64,345

Total

 

65,925

 

56,733

 

64,669

 

Contract balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.

 

 

 

 

 

 

 

    

December 31,

    

January 1,

 

 

2018

 

2018

 

 

Thousand USD

 

Thousand USD

Receivables, which are included in ‘trade and other receivables’

 

 —

 

819

Receivables, which are included in ‘assets held for sale’

 

 —

 

 —

Contract assets

 

731

 

 —

 

 

731

 

819

 

The contract assets primarily relate to the Group’s rights to consideration for work completed but not billed at the reporting date on IPP sale of electricity. The contract assets are transferred to receivables when the rights become unconditional. This usually occurs when the Group issues an invoice to the customer.