ESR Interim Report 2022

NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 3. OPERATING SEGMENT INFORMATION (continued) Six months ended 30 June 2021 Investment Fund management New Economy 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 Dividend income 43,006 – – 43,006 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 disposal of interests in joint ventures and associates 3,251 – 2,038 5,289 Gain on disposal of asset held for sale – – 3,035 3,035 Segment result 183,119 97,148 135,290 415,557 Reconciliation: Depreciation and amortisation (8,266) Exchange losses (2,091) Interest income 2,236 Finance costs (79,810) Share-based compensation 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 * Capital expenditure consists of additions to property, plant and equipment, investment properties and intangible assets including assets from acquisition of subsidiaries. R E A C H I N G N E W H E I G H T S 54

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