163 Annual Report 2024 21 PROPERTY OPERATING EXPENSES Group 2024 2023 $’000 $’000 Property tax 132,365 125,497 Utilities 77,648 82,398 Property management fees 49,608 50,194 Property management reimbursements1 42,049 56,439 Marketing 31,307 34,421 Maintenance 92,108 88,816 Depreciation and amortisation 719 712 Allowance/(Write back) of doubtful debts 252 (62) Doubtful debts (recovered)/written off (11) 38 Others 6,806 5,574 432,851 444,027 1 Relates to reimbursement of staff costs paid/payable under the property management agreements. 22 INTEREST INCOME Group 2024 2023 $’000 $’000 Interest income: – financial institutions 5,522 4,136 – joint ventures 7,180 7,149 12,702 11,285 23 OTHER INCOME In 2023, other income includes government grant income of $34.4 million in relation to the construction of underground pedestrian link at Funan. The government grant was received to defray the construction costs that were incurred. 24 INVESTMENT INCOME Group 2024 2023 $’000 $’000 Distribution income from equity investments at fair value 9,381 12,760
RkJQdWJsaXNoZXIy NTkwNzg=