Revenue Recognition

India

2012
2013

2014

China

2012
2013
2014
Turkey

2012
2013
2014

Brasil
2012
2013
2014
Russia
2012
2013
2014
SA
2012
2013
2014
Indian (IFRS)

2012

2013
Indian (IFRS)

2012

2013

Recognition
Bosch Ltd.

Sale of products is recognised when the substantial risk and rewards of ownership in the goods are
buyer and is recorded net of trade discounts, sales tax, excise duty, claims, etc., as considered app
Sale of services is recognised on rendering of services based on agreements/arrangements with th
Interest on investments and deposits is recognised on a time proportion basis. Dividend income is
when it is declared.
Same as Above with Addon as "Interest on Bank deposits is recognised on a time proportio

Not Present and text mention is "The effects on the Bosch Group of IFRS 9 Financial Instruments an
still pending endorsement by the EU, are currently being reviewed."

Brilliance Auto

Revenue is recognised when it is probable that economic benefits associated with a transaction wil
revenue and costs, if applicable, can be measured reliably and on the following bases:
(i) Sale of goods
Revenue from the sale of goods is recognised on the transfer of risks and rewards of ownership, wh
with the time when the goods are delivered to customers and title is passed.
(ii) Interest income
Interest income is recognised on a time proportion basis, taking into account the principal amounts
interest rates applicable.
(iii) Dividend income
Dividend income is recognised when the right to receive payment is established.
(iv) Subsidy income (Government grants)
Accounting policy for recognition of subsidy income is set out in note 2(n) to the financial statemen
No Change
No Change
Petkim

Revenue is based on the invoiced amount of products sold and services given. Revenues are recog
basis at the time deliveries or acceptances are made, when the amount of revenue can be measur
it is probable that the economic benefits associated with the transaction will flow to the Group, at t
consideration received or receivable. Risks and rewards are transferred to customers, when the tra
has realised. Net sales represent the invoiced value of goods sold less sales returns and commissio
related taxes.
Interest income is recognized on a time proportion basis, taking account of the principal outstandin
rate over the period to maturity, when it is determined that such income will accrue to the Group.
When the arrangement effectively constitutes a financing transaction, the fair value of the conside
by discounting all future receipts using an imputed rate of interest. The difference between the fair
nominal amount of the consideration is recognized as interest income on a time proportion basis th
the effective yield on the asset.
No Change
No Change

Embraer
N/A
N/A
N/A
ROSATOM
N/A
N/A
N/A
Exxaro
N/A
N/A
N/A
GVK

Revenue is recognized to the extent that it is probable that economic benefits will flow to the Grou
reliably measured. The following specific recognition criteria must also be met before revenue is re
i) Generation of power
Revenue from sale of energy is recognized on accrual basis in accordance with the provisions of the
Agreements (PPA) with Andhra Pradesh Transmission Corporation Limited (AP Transco).
The subsidiary companies (GVKIL and GVKGPL) are eligible to receive incentive fees for every pe
generated in excess of Plant Load Factor as defined in PPA with AP Transco. Such incentives are acc
of specified Plant Load Factor.
ii) Aeronautical services, Non-Aeronautical services and Cargo services
Revenue from aeronautical services (net of credit notes) includes landing and parking charges and
fees at the rates prescribed under State Support Agreement, as amended from time to time by Min
Government of India (MoCA) / Airports Economic Regulatory Authority (AERA). Landing and park
recognized, when such services are provided. Passenger service fees facilitation component is rec
of each embarking passenger at a specified rate. Passenger service fees security component (PSF
per the terms of State Support Agreement and MoCA orders is not recognized as revenue of the Co
same is collected in a fiduciary capacity.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the c
revenue can be reliably measured. The following specific recognition criteria must also be met befo
recognised:
Rendering of operation and maintenance services
Revenues represent amounts billed or accrued for services rendered and expenses incurred in rela
services, in accordance with the Operation and Maintenance agreement with its customer.
Per the operations and maintenance agreements, the Companys income comprises of (a) Operatin
fees and (c) Reimbursement of actual expenses. Operating fees are fixed per annum subject to esc
Company is also eligible to receive incentive fees, if the Actual Annual Availability and/or if the actu
power are higher than the defined levels.
Manpower and consultancy services
Revenues for manpower services are recognised as and when services are rendered on time and m
Interest
Interest income is recognised on a time proportion basis taking into account the amount outstandin
applicable interest rate.
Dividends
Dividend income is recognised when the companys right to receive dividend is established by the
Guarantee commission
Revenue is recognised on a time proportion basis taking into account the guarantee amount and th
applicable.
WOCKHARDT

Revenue is recognized to the extent that it is probable that the economic benefi ts will fl ow to the
can be reliably measured.
Sale of Goods
Revenue is recognized when the signifi cant risks and rewards of ownership of the goods have pass
coincides with dispatch of goods to customers. Revenues are recorded at invoice value, net of exci
returns and trade discounts.
Sale of Services
Revenues from services are recognised on completion of rendering of services.
Out licensing fees
Out licensing fees is recognized in accordance with the terms of the relevant agreement(s) as gene
agreed with the customers.
Export Incentive
Benefi t on account of entitlement to import duty free materials under the Duty Entitlement Pass B
recognized in the year of export.
Royalties
Revenue is recognized on an accrual basis in accordance with the terms of the relevant agreement
Interest
Revenue is recognized on a time proportion basis taking into account the amount outstanding and

Add Below points

Duty Drawback
Duty drawback is recognized at the time of exports and the benefits in respect of advance license r
export made by it are recognized as and when goods are imported against them.
Dividend and Interest
Dividend income is recognized when the right to receive the payment is established. Interest incom
proportion basis taking into account the amount outstanding and the rate applicable.