Non-regulated revenue Sample Clauses

Non-regulated revenue. It is calculated and recognized as a performance obligation fulfilled over time, in accordance with the terms of the contracts signed and corresponds mainly to the leasing of commercial premises, offices, hangars and warehouses; internal passenger transport services; freight services; among others. The Administration has evaluated that the performance obligation is fulfilled in the time in which the client makes use of the services and / or of the leased facilities, in exchange for a fee. Also, in the case of non-regulated revenue services, the rates have a fixed and variable component. The recognition of advance payment at the beginning of the contract has been recognized as income received in advance and is recognized as revenue in profit or loss over the time of the contract. (Note 26) In determining the transaction price, Quiport assesses the existence of a variable component. Revenue transactions are recorded net of discounts. Commercial incentives are recorded by decreasing revenues when there is reasonable certainty that clients will comply with all requirements to be entitled to such discounts. Management performs a monthly evaluation of whether clients will comply with their contractual requirements to record discounts in a timely manner.
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Related to Non-regulated revenue

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