Note 7 - Cost of Revenue

12 Months Ended

Dec. 31, 2019

Statement Line Items [Line Items]

Disclosure of cost of sales [text block]

NOTE 7. COST OF REVENUE

The table below specifies the nature of expenses presented as Cost of revenue.

[US$ thousands]	Year ended December 31,
Cost of revenue	2017		2018		2019
Payouts to publishers and monetization partners		1,303		1,227		2,096
Cost of prepaid airtime and handsets sold		-		9,096		29,836
Microlending service fee (1)		-		428		29,759
Cost of professional services (2)		2,181		6,693		11,754
Other expenses		485		2,565		546
Total		3,969		20,009		73,991

(

1

)

 Includes accrued fee for provision of app, systems and platform maintenance, and data processing services as well as managerial oversight to P C Financial Services, the subsidiary of the Group offering microloans in India. See Note

28

 for more details.

(

2

)

 The Group provided development and managerial services to equity-accounted investees. Related to this, the Group incurred expenses, predominantly personnel expenses. In

2019,

the Group reclassified personnel and other operating expenses in prior periods as cost of revenue. In

2018,

the Group reclassified personnel expenses of

US$6,285

thousand as cost of revenue, compared to

US$2,181

thousand in

2017.

Other operating expenses reclassified as cost of revenue was

US$408

thousand in

2018

and

US$485

thousand in

2017.