| p. | Revenue Recognition |
Revenue is measured at the fair value of the consideration received or receivable take into account of estimated customer returns, rebates and other similar allowances.
| 1) | Sale of goods and real estate properties |
Revenue from the sale of goods and real estate properties is recognized when the goods and real estate properties are delivered and titles have passed, at the time all the following conditions are satisfied:
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The Group has transferred to the buyer the significant risks and rewards of ownership of the goods and real estate properties; |
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The Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods and real estate properties sold; |
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The amount of revenue can be reliably measured; |
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It is probable that the economic benefits associated with the transaction will flow to the Group; and |
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The costs incurred or to be incurred in respect of the transaction can be reliably measured. |
| 2) | Rendering of services |
Service income is recognized when services are rendered.
| 3) | Dividend and interest income |
Dividend income from investments and interest income from financial assets are recognized when they are probable that the economic benefits will flow to the Group and the amount of income can be reliably measured. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable.