NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 42 OPERATING SEGMENTS (CONT’D) Information about reportable segments (cont’d) Property development Hotel operations Investment properties Total Others Total $’000 $’000 $’000 $’000 $’000 $’000 2023 Total revenue (including inter-segment revenue) 2,792,570 1,498,700 460,057 4,751,327 234,001 4,985,328 Inter-segment revenue – (185) (10,569) (10,754) (33,453) (44,207) External revenue 2,792,570 1,498,515^ 449,488 4,740,573 200,548 4,941,121 Profit from operating activities 382,327 302,979 113,286 798,592 19,936 818,528 Share of after-tax profit/ (loss) of associates and joint ventures 78,467 2,074 (27,808) 52,733 (5,085) 47,648 Finance income 50,284 27,663 17,679 95,626 2,344 97,970 Finance costs (171,546) (144,152) (143,936) (459,634) (31,944) (491,578) Net finance costs (121,262) (116,489) (126,257) (364,008) (29,600) (393,608) Reportable segment profit/ (loss) before tax 339,532 188,564 (40,779) 487,317 (14,749) 472,568 Depreciation and amortisation 5,004 111,176 118,456 234,636 19,394 254,030 Other material non-cash items Negative goodwill on acquisition of subsidiaries 38,752 – – 38,752 – 38,752 Impairment losses reversed/ (recognised) on property, plant and equipment and investment properties – 54,037 (43,749) 10,288 – 10,288 Allowance made for foreseeable losses on development properties (49,663) – – (49,663) – (49,663) ^ Hotel operations for 2023 comprise revenue and Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) attributable to hotel rooms owned by the Group of $1,056.4 million and $256.6 million respectively. ANNUAL REPORT 2024 FINANCIALS 209
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