Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2021

4. Revenue from contracts with customers

Disaggregated revenue information

Set out below is the disaggregation of the Group’s revenue from contracts with customers


	Subscription and licensing			Smart music learning			Music events and performances			Total
	RMB’000			RMB’000			RMB’000			RMB’000
Year ended December 31, 2021
Revenue from contracts with customers		100,454			118,061			77,382			295,897
Cost of sales		(18,195	)		(43,548	)		(64,283	)		(126,026	)

Gross profit		82,259			74,513			13,099			169,871

Year ended December 31, 2020
Revenue from contracts with customers		76,583			58,784			27,514			162,881
Cost of sales		(8,725	)		(17,319	)		(18,237	)		(44,281	)

Gross profit		67,858			41,465			9,277			118,600

Year ended December 31, 2019
Revenue from contracts with customers		81,901			64,153			—			146,054
Cost of sales		(20,330	)		(12,013	)		—			(32,343	)

Gross profit		61,571			52,140			—			113,711


	2021		2020		2019
	RMB’000		RMB’000		RMB’000
Geographical markets

Southern China		160,354		82,481		55,597
Northern China		135,543		80,400		90,457

Total revenue from contracts with customers		295,897		162,881		146,054

Timing of revenue recognition
Revenue recognised at a point in time		218,885		119,998		126,646
Revenue recognised over time		77,012		42,883		19,408

Total revenue from contracts with customers		295,897		162,881		146,054

The amounts of transaction prices allocated to the remaining

performance

obligations (unsatisfied or partially unsatisfied) as at each reporting date are as follows:


	2021		2020
	RMB’000		RMB’000
Amounts expected to be recognised as revenue:

Within 1 year		1,778		1,215
After 1 year		1,163		499

		2,941		1,714

The amounts disclosed above do not include variable consideration which is constrained.

The Group applied the practical expedient in IFRS 15 and did not disclose the aggregate amounts of transaction price allocated to the remaining performance obligations that are unsatisfied or partially satisfied as of the end of the reporting period if the performance obligations is part of a contract that has an original expected duration of one year or less. The comparative disclosures are amended to conform with the current year’s presentation.