AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

(iii)
Sale of goods subject to installation and inspection requirements
The Group sells goods that are subject to installation and inspection requirements. Sales are
recognized when the purchaser accepts the goods and the installation and inspection processes
have been completed. However, the sale of goods is recognized immediately in those cases in
which there is only a minor installation process or an inspection is performed solely to determine
the final contract price.
(iv)
Transfers of customer assets
Income from transactions in which risks and benefits are continually transferred as the work
advances are recognized according to the degree of completion method set forth in Note 2.
(v)
Provision of services
Revenue arising from the provision of services is recognized taking into account the degree of
completion of the provision of services at the end of the accounting period, if the income from the
transaction can be reliably estimated. This situation arises when the amount of the revenue; the
degree of completion; the costs already incurred and those to be incurred can be reliably
calculated and it is likely that the economic benefits arising from the provision of service will be
received.
The Group determines the degree of completion of the provision of services using the costincurred
method.
In the case of the provision of services in which final income cannot be reliably estimated, income
is only recognized up to the limit of the recoverable expenses recognized.
On a regular basis, the Group assesses for onerous service contracts and, if any are identified,
establishes the necessary provisions.
k) Classification of expenses as current and non-current
In the attached consolidated balance sheet expenses are classified according to their due date,
i.e. those due at twelve months or less are current and those above that period are non-current.
In the case of loans that mature in the short term but whose long-term refinancing is assured at
the Company's discretion - through insurance policies with long-term maturity - they are classified
as non-current liabilities.
l) Profits tax; deferred taxes
Profits tax is recognised in the consolidated income statement or in equity accounts in the
consolidated balance sheet, depending on where the profit or loss has been recorded.
Differences between the book value of the assets and liabilities and their tax bases generate the
deferred tax on assets or liabilities, calculated at the tax rates that are expected to apply when
the asset is realised or the liability is settled
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