Note 5 Net sales by revenue type and business area


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Medtech   2022 2021
Products   4,186 3,048
Instruments   529 346
Services   495 231
Total   5,210 3,625
       
Labtech   2022 2021
Products   2,954 3,518
Instruments   692 673
Services   234 182
Total   3,880 4,373

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2022 Labtech Medtech Group items Total
Sweden 634 466 - 1,100
Denmark 746 210 - 956
Finland 410 173 - 583
Norway 408 469 - 877
United Kingdom 15 965 - 980
Ireland 1 891 - 892
Italy 472 179 - 651
Germany 69 288 - 357
Switzerland 76 346 - 422
Spain 7 718   725
Other countries 1,042 505 -6 1,541
Total 3,880 5,210 -6 9,084
         
2021 Labtech Medtech Group items Total
Sweden 713 428 - 1,141
Denmark 986 172 - 1,158
Finland 491 157 - 648
Norway 601 407 - 1,008
United Kingdom 25 594 - 619
Ireland 0 582 - 582
Italy 450 105 - 555
Germany 15 465 - 480
Switzerland 42 267 - 309
Other countries 1,050 448 -5 1,493
Total 4,373 3,625 -5 7,993
Regarding other revenue types, dividends and interest income are recognised in financial items, see Note 10.

Parent Company

Of the Parent Company’s net sales of SEK 64 million (51), 100 percent (100) relate to intra-group sales. Of administrative expenses in the Parent Company of SEK 83 million (68), 0 percent (0) relates to purchases from Group companies.

Accounting principle

The fair value of what has been received, or what will be received, is recognised as sales revenue. Deductions are made for value added tax, returns, discounts and price reductions.  

Revenue from sales of goods and instruments

The majority of AddLife's net sales consist of sales of goods and instruments. For these, the revenue recognition takes place at a certain time, which is when control of the products has been transferred to the customer, this is normal upon delivery to the customer. Transfer of control and thus also the revenue recognition normally depends on the delivery terms. The selling company then also has no remaining significant control over the product or involvement in its management.

Rebates

Products may be sold with volume discounts, based on total sales during a certain period of time. Revenues from such agreements are calculated and reported based on experience and probability.

Sales of goods and services combined

he AddLife Group also has certain agreements that cover both goods and services. Revenues from these are reported by distributing the sales value among the various performance commitments. Revenue recognition takes place when the respective performance commitment is fulfilled. For the Group, there are usually two performance commitments at present; products (which includes hardware, installation and training) and licenses. Revenues from products are reported at a certain time. The license provides the licensee a right to access intellectual property throughout the license period and revenue is recognized over time.

Sales of services

Other services form a limited part of AddLife's operations. Services are performed for a limited period of time and are reported in the period when the service has been delivered to the counterparty.