XML 32 R13.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2018
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,

 

    

2016

    

2017

    

2018

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

Bulgaria

 

871

 

966

 

912

Canada

 

8,724

 

382

 

361

Czech

 

3,197

 

3,548

 

4,103

Germany

 

27

 

 —

 

 —

Greece

 

8,748

 

1,650

 

1,613

Japan

 

37,757

 

37,887

 

41,140

PRC

 

 —

 

 —

 

29

Spain

 

379

 

421

 

329

USA

 

3,797

 

6,681

 

4,914

Uruguay

 

2,425

 

5,198

 

11,268

 

 

65,925

 

56,733

 

64,669

 

The Group’s revenue disaggregated by pattern of revenue recognition and primary geographical markets is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue for the

 

 

year ended December 31, 2018

 

    

EPC services solar energy

    

 

    

 

    

 

    

 

 

 

system sales

 

Sales of solar modules

 

Electricity sales income

 

O&M services

 

Total

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

Thousand USD

Bulgaria

 

 —

 

 —

 

 —

 

912

 

912

Canada

 

177

 

 1

 

143

 

40

 

361

Czech

 

 —

 

 —

 

4,103

 

 —

 

4,103

Greece

 

 —

 

 —

 

 —

 

1,613

 

1,613

Japan

 

 —

 

 —

 

40,925

 

215

 

41,140

PRC

 

 —

 

 —

 

29

 

 —

 

29

Spain

 

 —

 

 —

 

329

 

 —

 

329

USA

 

21

 

 —

 

4,822

 

71

 

4,914

Uruguay

 

 —

 

 —

 

11,087

 

181

 

11,268

 

 

198

 

 1

 

61,438

 

3,032

 

64,669

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue for the

 

 

year ended December 31, 2017

 

 

EPC services solar energy

 

 

 

 

 

 

 

 

 

 

system sales

 

Sales of solar modules

 

Electricity sales income

 

O&M services

 

Total

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

Thousand USD

 

Thousand USD

Bulgaria

    

 —

    

 —

    

 —

    

966

    

966

Canada

 

256

 

 —

 

126

 

 —

 

382

Czech

 

 —

 

 —

 

3,548

 

 —

 

3,548

Greece

 

 —

 

 —

 

146

 

1,504

 

1,650

Japan

 

 —

 

 —

 

37,671

 

216

 

37,887

Spain

 

 —

 

 —

 

421

 

 —

 

421

USA

 

29

 

 —

 

6,647

 

 5

 

6,681

Uruguay

 

 —

 

 —

 

5,056

 

142

 

5,198

 

 

285

 

 

53,615

 

2,833

 

56,733

 

 

 

 

 

 

 

 

Non-current assets

 

 

At December 31,

 

    

2017

    

2018

 

 

Thousand USD

 

Thousand USD

Bulgaria

 

92

 

79

Canada

 

1,956

 

1,707

Chile

 

3,164

 

5,545

Czech

 

15,127

 

13,791

Greece

 

109

 

94

Japan

 

234,398

 

180,794

PRC

 

268

 

1,134

Spain

 

6,446

 

545

USA

 

45,137

 

42,563

Uruguay

 

106,877

 

110,628

 

 

413,574

 

356,880

 

Non-current assets excluded deferred tax assets, financial instruments, investments accounted for using the equity method and amounts due from 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,

 

    

2016

    

2017

    

2018

 

 

Thousand USD

 

Thousand USD

 

Thousand USD

Customer A

 

10,504

  

13,056

 

14,079

Customer B

 

10,861

  

11,684

 

11,774

Customer C

 

8,164

 

9,912

 

10,996

Customer D

 

7,103

  

*

 

10,269


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