Annual Report 2020

2020 Annual Report Transport International Holdings Limited 187 Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 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: 2020 2019 $’ 000 $’ 000 Fare revenue from franchised public bus services 5,653,807 7,504,233 Revenue from non-franchised transport services 208,204 314,709 Licence fee income 224,723 190,924 Media sales revenue 31,299 35,363 Gross rentals from investment properties 72,847 66,972 6,190,880 8,112,201 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 revenue. Further details regarding the Group’s principal activities are disclosed in note 12 to the financial statements. 4 Other income 2020 2019 $’ 000 $’ 000 Interest income on financial assets measured at FVOCI (recycling) 51,313 57,299 Interest income on financial assets measured at amortised cost 25,311 30,098 Dividend income from unlisted equity securities 31,000 40,300 Claims received 30,956 43,477 Net miscellaneous business receipts 8,869 10,625 Net gain on disposal of other property, plant and equipment 8,833 4,125 Net loss on derecognition of investments in debt securities (note 9) (213) (120) Net foreign exchange loss (11,243) (7,055) Government subsidies (note) 1,013,855 152,267 Sundry income 90,890 80,052 1,249,571 411,068 Note: This represented subsidies from the Hong Kong Special Administrative Region (“HKSAR”) Government to relieve the operating pressure on corporates, including franchised and non-franchised bus operators as a result of the outbreak of COVID-19. It mainly included wage subsidies and fuel subsidies, as well as regular repair and maintenance costs and insurance premium subsidies.