Page 170 - Demo

Notes to the Consolidated Financial Statements31 December 2024168ADVANCING AHEAD4.OPERATING SEGMENT INFORMATION (continued)Year ended 31 December 2023InvestmentFundmanagementNew EconomydevelopmentTotalUS$%u2019000US$%u2019000US$%u2019000US$%u2019000Segment revenue78,329736,74756,250871,326%u2013 Intersegment sales%u201311,910%u201311,91078,329748,65756,250883,236Reconciliation:Elimination of intersegment sales%u2013(11,910)%u2013(11,910)Revenue from continuing operations78,329736,74756,250871,326Operating expenses(28,630)(187,723)(76,715)(293,068)Fair value (losses)/gains on investment properties(1,787)%u2013189,509187,722Changes in carrying value of financial assets at fair value through profit or loss(2,126)(42)3,3271,159Changes in fair value of assets held for sale(411)%u2013(4,256)(4,667)Changes in fair value of financial derivative assets%u2013(4,146)%u2013(4,146)Share of profits and losses of joint ventures and associates, net(95,579)25,98449,226(20,369)Loss on disposal of interests in joint ventures and associates%u2013%u2013(1,188)(1,188)Gain on disposal of interests in financial assets at fair value through profit or loss692921,7842,145Gain on disposal of investment properties%u2013%u201318,65818,658Gain/(loss) on disposal of subsidiaries1,016(197)23,25324,072Gain on disposal of assets held for sale1,378%u2013%u20131,378Dilution gain of interests in investment in an associate%u2013%u20134,1054,105Impairment of investments in joint ventures and associates%u2013%u2013(5,172)(5,172)Other income%u20131,3321,0002,332Dividend income81,8442,435%u201384,279Segment result34,103574,682259,781868,566Reconciliation:Depreciation and amortisation(50,343)Exchange loss(2,122)Interest income32,885Finance costs(312,901)Share-based compensation expense(19,178)Gain on early redemption of convertible bond17,181Other unallocated gains10,561Corporate and other unallocated expenses(150,411)Profit before tax from continuing operations394,238Other segment information:Depreciation and amortisation(50,343)Capital expenditure*362,398Investments in joint ventures and associates3,381,555*Capital expenditure consists of additions to property, plant and equipment, investment properties and intangible assets including assets from the acquisition of subsidiaries.