Annual Report 2019

ANNUAL REPORT 2019 203 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 March 2019 7. REVENUE Revenue represents the aggregate amount of proceeds from sales of properties, gross rental from leasing of properties, income from hotel operations and management, car park operations and facilities management, gaming operations, provision of property management services, interest income and dividend income from financial instruments and other operations as set out as follows: 2019 2018 HK$’000 HK$’000 Sales of properties 3,755,246 3,407,758 Hotel operation – room revenue 1,512,783 1,303,404 – food and beverage 243,267 168,166 Car park income 721,498 667,014 Gaming revenue 196,864 – Provision of property management services 24,506 15,305 Other operations 775 3,118 Revenue from contracts with customers 6,454,939 5,564,765 Leasing of properties 155,331 139,003 Loan interest income 3,487 1,335 Interest income and dividend income from financial instruments 228,562 126,024 6,842,319 5,831,127 Timing of revenue recognition from contracts with customers – At a point in time 3,052,838 N/A – Over time 3,402,101 N/A 6,454,939 N/A The disaggregation of revenue by geographical location is consistent with the segment disclosures under note 6. Set out below is the reconciliation of the revenue from contracts with customers with the amounts disclosed in the segment information. For the year ended 31 March 2019 Adjustments Segment revenue Leasing of properties and car park income Food and beverage Interest and dividend income Consolidation HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 Sales of properties 3,811,217 (55,971) – – 3,755,246 Hotel revenue 1,817,622 (60,816) (244,023) – 1,512,783 Car park income 720,458 1,040 – – 721,498 Gaming revenue 259,296 – – (62,432) 196,864 Provision of property management services – 24,506 – – 24,506 Food and beverage – – 243,267 – 243,267 Other operations 19 – 756 – 775 Revenue from contracts with customers 6,608,612 (91,241) – (62,432) 6,454,939 Leasing of properties 64,090 91,241 – 155,331 Provision of mortgage services 37,902 – – (34,415) 3,487 Interest income and dividend income from financial instruments 131,715 – – 96,847 228,562 Total revenue 6,842,319 – – – 6,842,319