NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2021 5. REVENUE, OTHER INCOME AND GAINS, NET (continued) (a) Revenue (continued) Performance obligations (continued) Solar energy sales Performance obligations in the contract are the provision of electricity power through the solar panels to the electric power company. They are provided continuously over the contractual period, so the services in the contract represent a single performance obligation. The electric power company simultaneously receives and consumes the benefits provided by the Group. The amounts of transaction prices allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at 31 December 2021 and 2020 are as follows: 2021 2020 US$’000 US$’000 Within one year – 44,254 The amounts of transaction prices allocated to the remaining performance obligations relate to construction services that are normally to be satisfied within one year, of which the amounts disclosed above do not include variable consideration which is constrained; and promote fee relates to management services to which management has exercised judgement in applying constraint on the recognition of the promote fee income. (b) Other income and gains, net 2021 2020 Notes US$’000 US$’000 Changes in carrying value of financial assets and liabilities at fair value through profit or loss 14,182 50,963 Dilution of interests in investment in a joint venture and financial assets at fair value through profit or loss – (2,718) Dividend income 62,464 56,453 Exchange gain 1,587 – Fair value gains on completed investment properties 18 95,825 53,717 Fair value gains on investment properties under construction 18 178,659 170,963 Gain on disposal of asset held for sale 2,885 – Gain on disposal of interests in joint ventures and associates 11,389 – Gain on disposal of interests in financial assets at fair value through profit or loss 1,074 – Gain on disposal of investment properties – 16,848 Gain on disposal of other assets – 12,347 Gain on disposal of subsidiaries 34 420 4,675 Interest income 5,328 4,082 Others 1,888 2,453 375,701 369,783 E S R C A Y M A N L I M I T E D A N N U A L R E P O R T 2 0 2 1 173
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