Annual Report 2023

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2023 89 The United Laboratories International Holdings Limited Annual Report 2023 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 2023 2022 RMB’000 RMB’000 PRC (excluding Hong Kong) (country of domicile) 7,064,607 6,296,196 Hong Kong 84,072 87,953 7,148,679 6,384,149 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 2023 2022 RMB’000 RMB’000 Bank interest income 105,415 70,737 Sales of scrap materials 2,898 5,925 Subsidy income (Note) 92,490 75,866 Sundry income 11,672 13,289 212,475 165,817 Note: Subsidy income includes 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.