Annual Report 2019

173 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements 3 Revenue The principal activities of the Group are the operation of both franchised and non-franchised public transportation and property holdings and development. The amount of each significant category of revenue is as follows: 2019 2018 $’ 000 $’ 000 Fare revenue from franchised public bus services 7,504,233 7,385,055 Revenue from non-franchised transport services 314,709 343,897 Licence fee income 190,924 180,986 Media sales revenue 35,363 29,507 Gross rentals from investment properties 66,972 69,830 8,112,201 8,009,275 All revenue, except gross rentals from investment properties which are subject to HKFRS 16, Leases , falls within the scope of HKFRS 15, Revenue from contracts with customers . The Group’s customer base is diversified and there was no customer with whom transactions have exceeded 10% of the Group’s revenues. Further details regarding the Group’s principal activities are disclosed in note 12 to the financial statements. 4 Other income 2019 2018 $’ 000 $’ 000 Interest income on financial assets measured at FVOCI (recycling) 57,299 57,189 Interest income on financial assets measured at amortised cost 30,098 24,352 Dividend income from unlisted equity securities 40,300 33,480 Claims received 43,477 34,495 Net miscellaneous business receipts 10,625 12,476 Net gain on disposal of other property, plant and equipment 4,125 11,139 Net losses on derecognition of investments in debt securities (note 9) (120) – Net foreign exchange (loss)/gain (7,055) 3,537 Government subsidies (note) 152,267 – Sundry income 80,052 40,887 411,068 217,555 Note: This represented subsidies proposed by the Hong Kong Special Administrative Region (“HKSAR”) Government in October 2019 for franchised and non-franchised bus operators to cope with the operating pressure caused by the prolonged social unrest throughout the second half of 2019 which were subsequently approved by the Finance Committee of the Legislative Council of the HKSAR.