Annual Report 2021

187 2021 Annual Report Transport International Holdings Limited 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: 2021 2020 $’000 $’000 Fare revenue from franchised public bus services 6,609,291 5,653,807 Revenue from non-franchised transport services 212,458 208,204 Licence fee income 256,968 224,723 Media sales revenue 71,597 31,299 Gross rentals from investment properties 51,694 72,847 7,202,008 6,190,880 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 2021 2020 $’000 $’000 Interest income on financial assets measured at FVOCI (recycling) 54,483 51,313 Interest income on financial assets measured at amortised cost 6,683 25,311 Dividend income from unlisted equity securities 38,539 31,000 Claims received 24,963 30,956 Net miscellaneous business receipts 12,910 8,869 Net gain on disposal of other property, plant and equipment 9,233 8,833 Net loss on derecognition of investments in debt securities (note 9) (3,163) (213) Net foreign exchange gain/(loss) 12,772 (11,243) Government subsidies (note) 5,394 1,013,855 Drawdown from toll exemption fund (note 5(d)) 49,428 – Sundry income 42,743 90,890 253,985 1,249,571 Note: This mainly 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.