Operating segments are defined as components of a group entity about which discrete financial information is available for regular evaluation by the chief operating decision maker, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the executive team.
The executive team regularly reviews revenue analysis and the Group’s consolidated results for the periods presented for the purposes of resource allocation and performance assessment. As no other discrete financial information is available for the assessment of different business activities, no segment information is presented other than entity-wide disclosures.
Based on the financial information presented to and reviewed by the chief operating decision maker in deciding how to allocate the resources and in assessing the performance of the Company, the Company has determined that it has one operating segment which is the development and operation of solar parks and related business activities.
Geographical information
The Group’s operations are located in the respective countries of domicile of the Group’s subsidiaries. The operations of the Group include the Republic of Bulgaria (“Bulgaria”), the Federal Republic of Germany (“Germany”), the Hellenic Republic (“Greece”), Czech, Japan, Spain, Uruguay, Canada and USA during the periods presented.
Information about the Group’s revenue is presented based on the location of the operations. Information about the Group’s non-current assets is presented based on the geographical location of the assets.
|
|
|
Revenue for the |
|
||||
|
|
|
2015 |
|
2016 |
|
2017 |
|
|
|
|
Thousand USD |
|
Thousand USD |
|
Thousand USD |
|
|
Bulgaria |
|
881 |
|
871 |
|
966 |
|
|
Canada |
|
8,327 |
|
8,724 |
|
382 |
|
|
Czech |
|
3,284 |
|
3,197 |
|
3,548 |
|
|
Germany |
|
249 |
|
27 |
|
— |
|
|
Greece |
|
8,849 |
|
8,748 |
|
1,650 |
|
|
Japan |
|
24,728 |
|
37,757 |
|
37,887 |
|
|
Spain |
|
405 |
|
379 |
|
421 |
|
|
USA |
|
31 |
|
3,797 |
|
6,681 |
|
|
Uruguay |
|
401 |
|
2,425 |
|
5,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
47,155 |
|
65,925 |
|
56,733 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|
|
||
|
|
|
2016 |
|
2017 |
|
|
|
|
|
|
Thousand USD |
|
Thousand USD |
|
|
|
|
Bulgaria |
|
65 |
|
92 |
|
|
|
|
Canada |
|
1,037 |
|
1,956 |
|
|
|
|
Chile |
|
122 |
|
3,164 |
|
|
|
|
Czech |
|
15,409 |
|
15,127 |
|
|
|
|
Greece |
|
17 |
|
109 |
|
|
|
|
Japan |
|
217,432 |
|
234,398 |
|
|
|
|
PRC |
|
2,161 |
|
268 |
|
|
|
|
Spain |
|
2,998 |
|
6,446 |
|
|
|
|
USA |
|
42,904 |
|
45,137 |
|
|
|
|
Uruguay |
|
10,227 |
|
106,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
292,372 |
|
413,574 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets excluded deferred tax assets and amounts due from other related parties.
Information about major customers
Revenue from customers during the periods presented contributing over 10% of the total sales of the Group for each of the respective reporting periods are as follows:
|
|
|
Year ended December 31, |
|
||||
|
|
|
2015 |
|
2016 |
|
2017 |
|
|
|
|
Thousand USD |
|
Thousand USD |
|
Thousand USD |
|
|
Customer A |
|
7,420 |
|
10,504 |
|
13,056 |
|
|
Customer B |
|
6,951 |
|
10,861 |
|
11,684 |
|
|
Customer C |
|
|
* |
8,164 |
|
9,912 |
|
|
Customer D |
|
7,834 |
|
7,103 |
|
|
* |
|
* |
The corresponding revenue does not contribute over 10% of the total revenue of the Group in the respective periods. |