WindarPhotonics AnnualReport 2018 All - Flipbook - Page 59
8. Revenue
Revenue from contracts with customers:
Year ended
31 December 2018
€
Year ended
31 December 2017
€
Sale of product and installation
Rendering of services
3,492,775
7,092
2,171,647
42,017
Revenue
3,499,867
2,213,664
Disaggregation of revenue
The disaggregation of revenue from contracts with customers is as follows:
Year ended
31 December 2018
€
Year ended
1 December 2017
€
WindEYETM
WindVISIONTM
Rendering of services
3,272,525
220,250
7,092
1,908,959
262,688
42,017
Revenue
3,499,867
2,213,664
Deferred revenue of €83,169 (2017: €6,716) relates to performance obligation under contracts that have not yet
been completed and are expected to be met in 2019.
9. Loss from operations
Loss from operations is stated after:
Year ended
Year ended
31 December 2018
31 December 2017
€
€
Staff costs (note 11)
1,337,421
Expensed research and development costs
387,540
Amortisation 1
189,557
Depreciation
64,078
Operating lease payments
143,009
Other Operating Income (32,201)
Remuneration received by the Group’s
auditor or associates of the Group’s auditor:
- Audit of parent company
- Audit of consolidated financial statements
- Audit of overseas subsidiaries
- Taxation compliance services
- Ajustment to prior year
- Other assurance services
1
6,685
26,738
16,154
641
17,354
-
1,596,493
119,987
494,709
56,409
99,234
(78,067)
4,750
18,663
13,990
6,122
685
Amortisation charges on the Group’s intangible assets are recognised in the administrative expenses line item in the
consolidated statement of profit or loss.
Windar Photonics - Annual Report and Accounts 2018
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