Note 2. Categories of revenue

Information on revenue, continuing operations

 

2018

2019

Primary geographical markets

Group

Sandvik Machining Solutions

Sandvik Mining and Rock Technology

Sandvik Materials Technology

Other Operations

Group

Sandvik Machining Solutions

Sandvik Mining and Rock Technology

Sandvik Materials Technology

Other Operations

Europe

38,322

22,657

6,547

8,158

960

37,928

22,102

6,989

8,562

275

North America

21,543

8,420

8,576

3,318

1,227

23,601

9,571

9,617

3,601

812

South America

4,918

828

3,759

202

129

5,267

838

4,154

205

71

Africa and Middle East

9,099

325

7,789

326

660

9,595

341

8,181

311

761

Asia

19,649

8,245

8,224

2,631

548

19,855

8,002

9,188

2,531

135

Australia and New Zealand

6,541

281

6,163

62

35

6,992

269

6,648

69

6

Total

100,072

40,757

41,058

14,697

3,560

103,238

41,123

44,777

15,279

2,059

 

 

 

 

 

 

 

 

 

 

 

Major goods/service lines

 

 

 

 

 

 

 

 

 

 

Sale of goods

95,279

40,331

37,094

14,629

3,224

98,185

40,460

40,835

15,219

1,671

Rendering of services

3,667

414

3,185

68

3,941

652

3,231

58

Rental income

1,112

779

333

1,099

4

707

388

Other non product-related revenue

14

11

0

2

11

6

4

0

Total

100,072

40,757

41,058

14,697

3,560

103,238

41,123

44,777

15,279

2,059

 

 

 

 

 

 

 

 

 

 

 

Major goods/service lines

 

 

 

 

 

 

 

 

 

 

Order backlog to be recognized as revenue after 2020 until 2021

2,301

0

648

1,653

N/A

1,782

0

300

1,482

N/A

Contract assets

Contract assets movements, from an opening balance of 127 MSEK (62) to a closing balance of 22 MSEK (127), is due to the following:

The contract assets have been reduced with –5 MSEK (–3) relating to catch up effects from contracts satisfied in previous periods.

Acquisitions represents an increase of contract asset balances of 0 MSEK (1) and divestments represents a decrease of 0 MSEK (0).

The majority of the movements of contract assets relates to accruals during the period and reversals of existing and added contract assets to be invoiced.

Currency translation effects represent only minor changes to the contract asset balances.

Parent Company

2018

2019

Primary geographical markets

 

 

Europe

16,393

17,431

North America

1,671

1,410

South America

161

201

Africa and Middle East

47

81

Asia

1,792

1,809

Australia and New Zealand

77

106

Total

20,141

21,038

Contract liabilities

Contract liability movements, from an opening balance of 169 MSEK (111) to a closing balance of 153 MSEK (169), is due to the following:

Contract liabilities in the opening balance recognized as revenue in this period amounts to 118 MSEK (156).

Acquisitions represents an increase of contract liability balances of 1 MSEK (1) and divestments represents a decrease of 0 MSEK (–4).

The majority of the movements of contract liabilities relates to deferrals during the period and reversals of existing and added contract liabilities to be recognized as revenue.

Currency translation effects represent only minor changes to the contract liability balances.

Parent Company

2018

2019

Major goods/service lines

 

 

Sale of goods

20,073

20,962

Rendering of services

63

66

Rental income

6

10

Other non product related revenue

Total

20,141

21,038

Contract asset and contract liability balances are not disclosed for parent company, due to the small balances and corresponding small movements.