IFRS 15 implementation shall thus have no impact on the gross margin previously reported under IAS 18, it shall have a limited presentation impact for the year 2016 only, as summarized in the table below:
|
€‘000 |
2017 | Restatement | 2017 | 2016 | Restatement | 2016 | ||||||||||||||||||
| IFRS 15 | IAS 18 | IFRS 15 |
|
IAS 18 | ||||||||||||||||||||
|
Licensing revenue |
3,540 | 0 | 3,540 | 9,929 | 1,489 | 8,440 | ||||||||||||||||||
|
Cost of licensing |
(515 | ) | 0 | (515 | ) | (1,489 | ) | (1,489 | ) | 0 | ||||||||||||||
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Net Revenue from licensing |
3,025 | 0 | 3,025 | 8,440 | 0 | 8,440 | ||||||||||||||||||
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