ESR Group Limited Interim Report 2023 Notes to Condensed Consolidated Financial Information 30 June 2023 63 4. REVENUE, OTHER INCOME AND GAINS, NET (a) Revenue An analysis of revenue is as follows: For the six months ended 30 June 2023 2022 (Unaudited) (Unaudited) US$’000 US$’000 Rental income from investment property operating leases (note (i)) 36,695 57,655 Management fee 402,932 371,035 Construction income 12,626 151 Solar energy income 3,154 2,865 Total 455,407 431,706 Timing of revenue recognition For the six months ended 30 June 2023 2022 (Unaudited) (Unaudited) US$’000 US$’000 Rental income from investment property operating leases 36,695 57,655 Point in time Management fee 46,025 125,606 Over time Management fee 356,907 245,429 Construction income 12,626 151 Solar energy income 3,154 2,865 455,407 431,706 Note: (i) No variable lease payments exist in all rental contract.
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