4. REVENUE (CONTINUED) The disaggregation of revenue from contracts with customers is as follows: Buildings and Construction Investment Property Total 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) Geographical markets(a) Singapore 172,177 198,798 – – 172,177 198,798 Maldives 420 450 – – 420 450 Japan – – – 541 – 541 172,597 199,248 – 541 172,597 199,789 Timing of revenue recognition Services transferred overtime 172,597 199,248 – 541 172,597 199,789 (a) The disaggregation is based on the location of customers from which revenue was generated. 5. OTHER INCOME Group 2024 2023 $’000 $’000 Gain on disposal of plant and equipment – 108 Gain on disposal of investment properties – 7,755 Interest income – banks 66 523 – loan due from joint ventures 79 423 – loan due from associates 6,199 5,803 Late charges charged to subcontractors 216 305 Rental income 1,380 1,293 Sales of scrap steel 140 91 Management fee 300 300 Government grants 79 168 Others 280 123 8,739 16,892 Included in government grants is an amount of $3,000 (2023: $108,000) which was recognised during the financial year under the Job Growth Incentive. 6. FINANCE COSTS Group 2024 2023 $’000 $’000 (Restated) Interest expenses: – medium term notes – 1,950 – term loans 1,080 984 – trust receipt – 81 – lease liabilities 229 230 – bank overdraft – 26 – unwinding of discount on medium term notes – 22 – shareholders’ loan 829 800 2,138 4,093 88 KEONG HONG HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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