ESR IR 2021 - EN

53 ESR Interim Report 2021 Notes to Condensed Consolidated Financial Information 30 June 2021 3. OPERATING SEGMENT INFORMATION (continued) Six months ended 30 June 2021 Investment Fund management Development Total (Unaudited) (Unaudited) (Unaudited) (Unaudited) US$’000 US$’000 US$’000 US$’000 Segment revenue 53,786 123,872 26,741 204,399 Revenue from continuing operations 53,786 123,872 26,741 204,399 Operating expenses (8,914) (26,724) (40,579) # (76,217) Fair value gains on investment properties 63,253 – 102,648 165,901 Changes in carrying value of financial assets and liabilities at fair value through profit or loss (13,963) – 5,958 (8,005) Share of profits and losses of joint ventures and associates, net 42,700 – 35,449 78,149 Gain on sale of interests in a joint venture and an associate 3,251 – 2,038 5,289 Gain on disposal of asset held for sale – – 3,035 3,035 Dividend income 43,006 – – 43,006 Segment result 183,119 97,148 135,290 415,557 Reconciliation: Depreciation and amortisation (8,266) Exchange loss (2,091) Interest income 2,236 Finance costs (79,810) Equity-settled share option expense (5,172) Other unallocated gains 1,032 Corporate and other unallocated expenses (35,876) Profit before tax from continuing operations 287,610 Other segment information: Depreciation and amortisation (8,266) Capital expenditure* 817,754 Investments in joint ventures and associates 1,272,235 # Included construction cost of US$26,771,000.