Annual Report 2024

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2024 88 The United Laboratories International Holdings Limited Annual Report 2024 5. REVENUE AND SEGMENT INFORMATION (Continued) Segment information (Continued) (c) Geographical information (Continued) The information about its non-current assets is presented based on the geographical location of the assets, as below: Non-current assets 2024 2023 RMB’000 RMB’000 PRC (excluding Hong Kong) (country of domicile) 9,592,132 7,064,607 Hong Kong 96,543 84,072 9,688,675 7,148,679 Non-current assets excluded financial asset at FVTPL and deferred tax assets. (d) Information about major customers There is no customer who contributes more than 10% of the total sales of the Group. 6. OTHER INCOME 2024 2023 RMB’000 RMB’000 Bank interest income 127,791 105,415 Sales of scrap materials 31,654 2,898 Subsidy income (Note) 189,626 92,490 Sundry income 7,858 11,672 356,929 212,475 Note: Subsidy income includes tax subsidy and grants from the PRC government which are specifically for (i) capital expenditure incurred for plant and machinery, which are recognised as income over the useful life of related assets; (ii) incentives and other subsidies for research and development activities, which are recognised upon meeting the specific conditions; and (iii) incentives which have no specific conditions attached to the grants. Details of the subsidy income are set out in Note 34.