62 Notes to Condensed Consolidated Financial Information 30 June 2024 STRENGTH IN UNITY 4. REVENUE, OTHER INCOME AND GAINS, NET (a) Revenue An analysis of revenue is as follows: For the six months ended 30 June 2024 2023 (Unaudited) (Unaudited) US$’000 US$’000 Rental income from investment property operating leases (note (i)) 34,998 36,695 Management fee 253,656 402,932 Construction income 20,570 12,626 Solar energy income 3,244 3,154 Total 312,468 455,407 Timing of revenue recognition For the six months ended 30 June 2024 2023 (Unaudited) (Unaudited) US$’000 US$’000 Rental income from investment property operating leases 34,998 36,695 Point in time Management fee 25,540 46,025 Over time Management fee 228,116 356,907 Construction income 20,570 12,626 Solar energy income 3,244 3,154 312,468 455,407 Note: (i) No variable lease payments exist in all rental contracts.
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