ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 167 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ESR Annual Report 2019 5. REVENUE, OTHER INCOME AND GAINS (continued) (a) Revenue (continued) Performance obligations (continued) Solar energy sales Performance obligations in the contract are the provision of electricity power through the solar panels to the electric power company. They are provided continuously over the contractual period, so the services in the contract represent a single performance obligation. The electric power company simultaneously receives and consumes the benefits provided by the Group. The amount of transaction prices allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at 31 December 2019 and 2018 are as follows: 2019 2018 USD’000 USD’000 Within one year 77,794 46,460 After one year – 2,100 77,794 48,560 The amount of transaction prices allocated to remaining performance obligations relate to construction services that are normally to be satisfied within one year, of which the amounts disclosed above do not include variable consideration which is constrained; and promote fee relates to management services to which management has exercised judgment in applying constraint on the recognition of the promote fee income. (b) Other income and gains 2019 2018 Notes USD’000 USD’000 Fair value gains on completed investment properties 19 68,568 109,688 Fair value gains on investment properties under construction 19 157,515 62,779 Changes in fair value of financial assets and liabilities at fair value through profit or loss 74,290 44,937 Gain on disposal of subsidiaries 36 16,495 2,662 Gain on remeasurement of an investment in an associate to fair value 8,556 – Dividend income 33,599 25,519 Interest income 7,974 1,530 Others 2,568 7,190 369,565 254,305