196 CapitaLand Integrated Commercial Trust Notes to the financial statements Year ended 31 December 2024 31 OPERATING SEGMENTS (continued) Geographical segments The investment properties are located primarily in Singapore, Australia and Germany. The basis of presenting geographical information is based on the geographical location of the assets. Retail Office Integrated Developments Group $’000 $’000 $’000 $’000 2024 Gross revenue 590,313 513,316 482,700 1,586,329 Segment net property income 420,146 387,646 345,686 1,153,478 Interest and other income 12,765 Investment income 9,381 Finance costs (345,394) Management fees (95,633) Other unallocated expenses (18,926) Share of results (net of tax) of – joint ventures 33,756 Net income 749,427 Net change in fair value of investment properties 82,488 (77,202) 147,841 153,127 Gain on divestment of investment property – 32,765 – 32,765 Total return for the year before tax 935,319 Taxation 6,458 Total return for the year 941,777 Assets and liabilities Segment assets 7,422,570 9,586,872 6,306,536 23,315,978 Unallocated assets: – Joint ventures 1,431,840 – Equity investments at fair value 123,920 – Financial derivatives 9,343 – Others 631,921 2,197,024 Total assets 25,513,002 Segment liabilities 234,281 285,011 157,895 677,187 Unallocated liabilities – Loans and borrowings 8,945,147 – Financial derivatives 107,457 – Others 61,040 9,113,644 Total liabilities 9,790,831 Other segmental information Depreciation and amortisation 275 271 173 719 Plant and equipment – capital expenditure 178 180 53 411 Investment properties – capital expenditure 37,489 115,269 18,130 170,888 Allowance/(write back) of doubtful debts 77 (208) 383 252 Doubtful debts written off/(recovered) – 6 (17) (11)
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