Note 2. Categories of revenue
Information on revenue, continuing operations
|
2018 |
2019 |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Primary geographical markets |
Group |
Sandvik Machining Solutions |
Sandvik Mining and Rock Technology |
Sandvik Materials Technology |
Other Operations |
Group |
Sandvik Machining Solutions |
Sandvik Mining and Rock Technology |
Sandvik Materials Technology |
Other Operations |
Europe |
38,322 |
22,657 |
6,547 |
8,158 |
960 |
37,928 |
22,102 |
6,989 |
8,562 |
275 |
North America |
21,543 |
8,420 |
8,576 |
3,318 |
1,227 |
23,601 |
9,571 |
9,617 |
3,601 |
812 |
South America |
4,918 |
828 |
3,759 |
202 |
129 |
5,267 |
838 |
4,154 |
205 |
71 |
Africa and Middle East |
9,099 |
325 |
7,789 |
326 |
660 |
9,595 |
341 |
8,181 |
311 |
761 |
Asia |
19,649 |
8,245 |
8,224 |
2,631 |
548 |
19,855 |
8,002 |
9,188 |
2,531 |
135 |
Australia and New Zealand |
6,541 |
281 |
6,163 |
62 |
35 |
6,992 |
269 |
6,648 |
69 |
6 |
Total |
100,072 |
40,757 |
41,058 |
14,697 |
3,560 |
103,238 |
41,123 |
44,777 |
15,279 |
2,059 |
|
|
|
|
|
|
|
|
|
|
|
Major goods/ |
|
|
|
|
|
|
|
|
|
|
Sale of goods |
95,279 |
40,331 |
37,094 |
14,629 |
3,224 |
98,185 |
40,460 |
40,835 |
15,219 |
1,671 |
Rendering of services |
3,667 |
414 |
3,185 |
68 |
— |
3,941 |
652 |
3,231 |
58 |
— |
Rental income |
1,112 |
— |
779 |
— |
333 |
1,099 |
4 |
707 |
— |
388 |
Other non product-related revenue |
14 |
11 |
— |
0 |
2 |
11 |
6 |
4 |
0 |
— |
Total |
100,072 |
40,757 |
41,058 |
14,697 |
3,560 |
103,238 |
41,123 |
44,777 |
15,279 |
2,059 |
|
|
|
|
|
|
|
|
|
|
|
Major goods/ |
|
|
|
|
|
|
|
|
|
|
Order backlog to be recognized as revenue after 2020 until 2021 |
2,301 |
0 |
648 |
1,653 |
N/A |
1,782 |
0 |
300 |
1,482 |
N/A |
Contract assets
Contract assets movements, from an opening balance of 127 MSEK (62) to a closing balance of 22 MSEK (127), is due to the following:
The contract assets have been reduced with –5 MSEK (–3) relating to catch up effects from contracts satisfied in previous periods.
Acquisitions represents an increase of contract asset balances of 0 MSEK (1) and divestments represents a decrease of 0 MSEK (0).
The majority of the movements of contract assets relates to accruals during the period and reversals of existing and added contract assets to be invoiced.
Currency translation effects represent only minor changes to the contract asset balances.
Parent Company |
2018 |
2019 |
---|---|---|
Primary geographical markets |
|
|
Europe |
16,393 |
17,431 |
North America |
1,671 |
1,410 |
South America |
161 |
201 |
Africa and Middle East |
47 |
81 |
Asia |
1,792 |
1,809 |
Australia and New Zealand |
77 |
106 |
Total |
20,141 |
21,038 |
Contract liabilities
Contract liability movements, from an opening balance of 169 MSEK (111) to a closing balance of 153 MSEK (169), is due to the following:
Contract liabilities in the opening balance recognized as revenue in this period amounts to 118 MSEK (156).
Acquisitions represents an increase of contract liability balances of 1 MSEK (1) and divestments represents a decrease of 0 MSEK (–4).
The majority of the movements of contract liabilities relates to deferrals during the period and reversals of existing and added contract liabilities to be recognized as revenue.
Currency translation effects represent only minor changes to the contract liability balances.
Parent Company |
2018 |
2019 |
---|---|---|
Major goods/service lines |
|
|
Sale of goods |
20,073 |
20,962 |
Rendering of services |
63 |
66 |
Rental income |
6 |
10 |
Other non product related revenue |
— |
— |
Total |
20,141 |
21,038 |
Contract asset and contract liability balances are not disclosed for parent company, due to the small balances and corresponding small movements.