Notes to the income statement
The BOIP recorded a positive operating result of EUR 449,000 (2012: EUR 373,000 negative). The improved operating result is attributable to one-off income in the revenue streams filings and renewals. Service turnover is generated upon publication or, in the absence of publication, upon receipt of payment.
- Revenue relates to the services rendered in the financial year. Revenues from services are recognised in proportion to the services rendered, based on the cost incurred in respect of the services performed up to balance sheet date, in proportion to the estimated costs of the aggregate services to be performed. The cost price of these services is allocated to the same period. If the bottom-line result of a service cannot be determined in a reliable manner, but is expected to be positive, only the revenue amounting to the sum of the costs is recognised. If these costs cannot be determined reliably, revenues are not recognised in