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

(ii) Provision for onerous contracts
A provision for onerous contracts is recognised 
when the expected benefits to be derived by 
the Group from a contract are lower than the 
estimated cost of meeting its obligations under 
the contract. The provision is measured at the 
present value of the lower of the expected cost 
of terminating the contract and the expected 
net cost of continuing with the contract. Before 
a provision is established, the Group recognises 
any impairment loss on the assets associated 
with that contract.
(p) Revenue
Revenue is income arising from sales of 
products, provision of services or use by others 
of the Group’s properties under leases in the 
ordinary course of the Group’s business.