Notes for P&L

Note 2 Revenues

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Accounting policy

Fingerprints’ performance obligation consists of the sale of wafers and sensor modules to distributors. This generates the total net sales of the company. On this basis, the revenue-generating operation is straight forward; distributors order wafers, Fingerprints receives the order and delivers the goods. Sensors consists of hardware, with software included as an integrated component. The transaction price is calculated at the sales price adjusted for discounts that are reported to the most likely amount. The revenue is reported when the purchaser gains control over the product and is determined by the terms of delivery. Average payment conditions is 30 days net. Sales by country refers to country where the end-customer is domiciled.

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