Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.10.0.1
Revenue (Tables)
 6 Months Ended
Jun. 30, 2018
Revenue  
Summary of revenue categories

 

Revenue comprises the following categories (in thousands):

 

 

Three months
ended
June 30,

 

Six months
ended
June 30,

 

 

 

2018

 

2018

 

 

 

 

 

 

 

Development

 

$
9,038

 

$
17,234

 

Licenses

 

—

 

—

 

 

 

 

 

 

 

 

 

$
9,038

 

$
17,234

 

 

 

 

 

 

 

 

 

 

Schedule of movements in deferred revenue

 

The following table shows movements in deferred revenue for the six months ended June 30, 2018 (in thousands):

 

 

 

Deferred
revenue

 

Deferred revenue at January 1, 2018 under previous guidance

 

$
38,735

 

Cumulative effect of adopting ASC 606

 
(8,645

)

 

 

 

 

Deferred revenue at January 1, 2018

 
30,090

 

Revenue recognized included in the opening deferred revenue

 
(11,910

)

Change in variable consideration

 
(10,396

)

Change in percentage of completion

 
5,072

 

 

 

 

 

Revenue in the period

 
(17,234

)

Amounts invoiced in the period

 
4,210

 

Foreign exchange arising on consolidation

 
(344

)

 

 

 

 

Deferred revenue at June 30, 2018

 

$
16,722