ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 46 4. REVENUE, OTHER INCOME AND GAINS, NET (continued) (b) Other income and gains, net For the six months ended 30 June 2020 2019 (Unaudited) (Audited) Notes US$’000 US$’000 Fair value gains on completed investment properties 13 26,063 26,800 Fair value gains on investment properties under construction 13 99,708 76,761 Changes in fair value of financial assets and liabilities at fair value through profit or loss 978 22,818 Gain on disposal of subsidiaries 18 5,494 16,495 Gain on remeasurement of an investment in an associate to fair value – 8,556 Dilution of interests in investment in a joint venture (2,320) – Dividend income 35,839 11,848 Interest income 1,769 1,768 Exchange gain 726 – Others 537 379 168,794 165,425 5. PROFIT BEFORE TAX The Group’s profit before tax is arrived at after charging: (a) Employee benefit expense For the six months ended 30 June 2020 2019 (Unaudited) (Audited) US$’000 US$’000 Wages and salaries (including directors’ and chief executive’s remuneration) 46,630 31,353 Equity-settled share option expense (note 23) 8,078 9,885 Pension scheme contributions 2,621 2,531 57,329 43,769