ESR IR 2021 - EN

54 STEP FORWARD Notes to Condensed Consolidated Financial Information 30 June 2021 3. OPERATING SEGMENT INFORMATION (continued) Six months ended 30 June 2020 Investment Fund management Development Total (Unaudited) (Unaudited) (Unaudited) (Unaudited) US$’000 US$’000 US$’000 US$’000 Segment revenue 58,839 83,578 55,224 197,641 – Intersegment sales – 95 – 95 58,839 83,673 55,224 197,736 Reconciliation: Elimination of intersegment sales – (95) – (95) Revenue from continuing operations 58,839 83,578 55,224 197,641 Operating expenses (19,577) (19,222) (68,642) # (107,441) Fair value gains on investment properties 26,063 – 99,708 125,771 Changes in carrying value of financial assets and liabilities at fair value through profit or loss (10,211) – 11,189 978 Share of profits and losses of joint ventures and associates, net 17,605 – 26,171 43,776 Gain on disposal of subsidiaries – – 5,494 5,494 Dilution of interests in investment in a joint venture – – (2,320) (2,320) Dividend income 35,839 – – 35,839 Segment result 108,558 64,356 126,824 299,738 Reconciliation: Depreciation and amortisation (7,133) Exchange gain 726 Interest income 1,769 Finance costs (71,659) Equity-settled share option expense (8,078) Other unallocated gains 537 Corporate and other unallocated expenses (23,497) Profit before tax from continuing operations 192,403 Other segment information: Depreciation and amortisation (7,133) Capital expenditure* 312,075 Investments in joint ventures and associates 910,505 # Included construction cost of US$54,401,000. * Capital expenditure consists of additions to property, plant and equipment, investment properties and intangible assets including assets from acquisition of subsidiaries.