Fiven Annual Report 2020

Note 6 Revenue DETAILS OF REVENUE FOR THE PERIOD 1 JANUARY TO 31 DECEMBER 2020: Amounts in EUR thousand Fiven Norway Fiven Brazil Fiven Belgium Total Standard products 11,078 34,529 16,876 62,483 Specialized products 36,254 470 - 36,724 Total revenue 47,332 34,999 16,876 99,208 DETAILS OF REVENUE FOR THE PERIOD 5 FEBRUARY TO 31 DECEMBER 2019: Amounts in EUR thousand Fiven Norway Fiven Brazil Fiven Belgium Total Standard products 7,477 32,109 12,684 52,271 Specialized products 24,786 176 - 24,962 Total revenue 32,264 32,285 12,684 77,234 Sales are recognized in income at the expected value of the consideration after deducting benefits to customers, mainly esti- mated bonus payments. At 31.12.20 the accrued, unpaid bonus was 123 TEUR compared to 165 TEUR at 31.12.19. REVENUE FROM CONTRACTS WITH CUSTOMERS BASED ON CUSTOMER LOCATION: Amounts in EUR thousand 2020 05.02.2019- 31.12.2019 Europe 49,604 37,586 Asia 7,937 4,813 North America 16,865 11,665 South America 24,802 23,129 Other - 40 Total revenue 99,208 77,234 Fiven Annual Report 2020 Financial statements   45