As the series production has now started, can you please comment on how and when the payments are made?


Shareholder, name withheld

The production payments are based on the tonnes of CGI castings shipped from the foundries. Our invoices are generated on a monthly basis and are calculated from the foundry shipping records. The timing to receive the revenue includes the monthly production, the generation of the shipping records, receipt of information from the foundry, generation of our invoice, and the payment terms. For the reporting of the revenues, we must also consider the ramp-up rate for the production which will, in most cases, evolve over the first 12 to 24 months.