Founded in 1987, Huawei is a leading global provider of information and communications

2020
2019
Carrier
302,621
301,965
Enterprise
100,339
81,554
Consumer
482,916
467,304
Other items
5,492
8,010
Total
891,368
858,833

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104
       
Huawei Investment & Holding Co., Ltd.
Revenue information in respect of 
geographical segments
(CNY million)
2020
2019
China
584,910
506,733
Europe, the Middle 
East and Africa 
(EMEA)
180,849
206,007
Asia Pacific
64,369
70,533
Americas
39,638
52,478
Others
21,602
23,082
Total
891,368
858,833
8 Revenue
(CNY million)
2020
2019
Revenue from 
contracts with 
customers
890,863
858,473
Rental income
505
360
891,368
858,833
Revenue from contracts with customers is analysed by 
timing of revenue recognition as follows:
(CNY million)
2020
2019
Recognised at  
a point in time
745,171
722,274
Recognised over 
time
145,692
136,199
890,863
858,473
Further disaggregation of revenue by business and 
geography is set out in note 7.
The amount of revenue recognised for the year ended 
December 31, 2020 from POBs satisfied (or partially 
satisfied) in previous years amounted to CNY1,706 
million (2019: CNY1,616 million). The revenue was 
constrained in prior years mainly because provision 
was made for sales return, and the relevant customers 
were high credit risk rated and the collectability of 
sales consideration was estimated to be low.
Transaction price allocated to remaining 
performance obligations
As at December 31, 2020, the aggregated amount 
of transaction price allocated to the remaining 
performance obligations under the Group’s existing 
customer contracts is CNY96,662 million (2019: 
CNY96,525 million). This amount mainly represents 
the remaining performance obligations under the 
Group’s Carrier Business and Enterprise Business 
contracts. The Group will recognise the revenue in 
future when control of the corresponding service or 
product is transferred to the customer as stipulated 
in note 3(p). 73% of the amount is expected to occur 
over the next year (2019: 71%), while the remaining 
portion is expected to occur in the years that follow. 
The amounts disclosed above do not include any 
estimated amounts of variable consideration that are 
constrained.
The Group does not disclose information about 
remaining performance obligations that have original 
expected durations of one year or less as permitted 
by IFRS 15.
Revenue is recognised when a performance obligation 
is satisfied in accordance with the accounting policies 
in note 3(p). The timing of payment from customers 
relative to revenue recognition generates either 
contract assets or trade receivables for payments 
received in arrears or contract liabilities for payments 
received in advance.
Contract assets and contract liabilities are presented 
in notes 20 and 26 respectively.

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2020 Annual Report