NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 79

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 4 - Revenue
Disaggregation of revenue
Disaggregation of revenue from agreements with customers has
been made based on the Group's two sales channels promo and
retail, the Group's three segments Corporate, Sports & Leisure and
Gifts and Homefurnishings as well as per geographical areas.
Customers within promo place higher demands on fast deliv-
eries and the order frequency is higher than in retail. In both
sales channels, goods are sold to customers, and the timing of
revenue recognition is determined in the same way. The uncer-
tainty in revenue and cash flows is somewhat lower within the
sales channel promo because the Group's customers have in
turn usually already sold the products at the time of the order.
Revenue reported at one time mainly comprise sales of goods,
while revenue reported over time mainly comprise royalty and
commission income. Revenue recognized over time are of insigni-
ficant amounts and are therefore not specified below.
Contractual assets arise when invoicing or a custo-
mer's payment is conditional to additional performance
obligations such as conditional partial deliveries of goods.
Contractual liabilities mainly arise when invoicing has taken place
or when payment has been received for goods that have not yet
been delivered to the Group's customers.
Net sales per segment and sales channel
MSEK
Corporate
Promo
Retail
Total
Sports & Leisure
2019 2018 2019 2018 2019 2018 2019 2018
2 981.4 762.5 690.7 86.5 85.6 4 113.0 3 757.7
92.1 87.7 2 124.9 1 883.0 573.5 562.1 2 790.6 2 532.8
3 356.0 3 069.0 2 887.4 2 573.7 660.0 647.8 6 903.5 6 290.6
MSEK
Corporate
Contractual assets and
right of return assets
SEK million
Accrued income with additional
performance obligation
Right of return assets
Inventory expexted in return - finished
goods
Total
Sports & Leisure
2019 2018
8.4
6.2 5.7
8.0 14.1
2018 2019 2018 2019 2018 2019 2018
198.2 1 460.6 1 328.7 53.5 52.9 1 774.5 1 579.7
548.7 553.6 511.0 438.6 550.2 537.8 1 610.0 1 529.9
744.6 690.3 317.8 285.4 15.7 10.6 1 078.1 986.4
456.6 436.7 375.6 332.4 28.8 38.0 861.0 807.1
749.5 662.0 62.8 54.5 0.0 0.0 812.2 716.5
596.3 528.3 159.6 134.1 11.8 8.5 767.7 670.9
3 356.0 3 069.0 2 887.4 2 573.7 660.0 647.8 6 903.5 6 290.6
SEK million
Prepaid revenue
Repayment liabilities
Repayment liabilities for
expected returns
Repayment liabilities for
accrued bonuses, kick-backs,
rebates
Total
All contractual assets and right of return assets
are due within 12 months
Total
2019
Other operating
income
2019 2018
Contractual liabilities
1.8
Gifts &
Home Furnishings
260.3
Contractual liabilities and
repayment liabilities
Contractual assets
Total
3 263.9
Net sales per geographic area and sales
channel
USA
Sweden
Central Europe
Nordic countries excl. Sweden
Southern Europe
Other countries
Total
Gifts &
Home Furnishings
2019 2018
38.2 47.8
0.8 1.0
Result from business
combinations 11.4 8.4
Other income 27.5 17.6
Total 77.9 74.8
SEK million
Exchange rate gains
6.0 1.6
11.6 10.5
47.9 43.4
65.5 55.5
Capital gains
All contractual liabilities and repayment
liabilities are due within 12 months
ANNUAL REPORT // 079