ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 45 NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION ESR Interim Report 2020 4. REVENUE, OTHER INCOME AND GAINS, NET (a) Revenue An analysis of revenue is as follows: For the six months ended 30 June 2020 2019 (Unaudited) (Audited) US$’000 US$’000 Rental from investment property operating leases (note (i)) 55,915 54,954 Management fee 83,578 61,784 Construction 55,224 37,661 Solar energy 2,924 1,364 Total 197,641 155,763 Timing of revenue recognition For the six months ended 30 June 2020 2019 (Unaudited) (Audited) US$’000 US$’000 Rental from investment property operating leases 55,915 54,954 Point in time Management fee 18,400 13,962 Over time Management fee 65,178 47,822 Construction 55,224 37,661 Solar energy 2,924 1,364 197,641 155,763 Note: (i) Rental from investment property operating leases does not include variable lease payments that do not depend on an index or a rate.