| Disaggregation of revenue | |||
| Revenue from the contracts with customers is derived over time and at a point in time in the following revenue types. | |||
| Net sales by revenue type | |||
| MEUR | 1–9/2018 | 1–9/2017 | 2017 |
| Products | 812 | 833 | 1 149 |
| Goods and services | 384 | 397 | 567 |
| Projects | 2 099 | 1 952 | 2 785 |
| Long-term agreements | 347 | 289 | 410 |
| Total | 3 642 | 3 471 | 4 911 |
| Timing of satisfying performance obligations | |||
| MEUR | 1–9/2018 | 1–9/2017 | 2017 |
| At a point in time | 2 688 | 2 515 | 3 522 |
| Over time | 954 | 956 | 1 389 |
| Total | 3 642 | 3 471 | 4 911 |
| Product sales consist of sales of spare parts and standard equipment for which the revenue is recognised at a point in time when the control of the products has transferred to customer, in general at the delivery of the goods. | |||
| Goods and services -type of revenue involves short-term field service jobs, which includes the delivery of a combination of service and equipment. The revenue is recognised at a point in time when service is rendered. | |||
| Projects contain short-term and long-term projects. Depending on the contract terms and the duration of the project, the revenue is recognised at a point in time or over time. Revenue related to long-term projects, such as construction contracts, integrated solutions projects, ship design, and energy solutions contracts, is recognised over time. Revenue for tailor-made equipment delivery projects is recognised at a point in time. | |||
| Long-term agreements contain long-term operating and maintenance agreements for which the revenue is recognised over time. | |||
Note
Add a note?