SBS TRANSIT LTD ANNUAL

Income Statement

(b) Other Commercial Income is generated substantially through - Services: (i) advertisements on buses and trains and at bus interchanges and rail stations; and (ii) rental collections from commercial and shop space at bus interchanges and rail stations. Segment revenue and expense: Segment revenue and expense are the operating revenue and expense reported in the Group’s Profit or Loss that are directly attributable to a segment and the relevant portion of such revenue and expense that can be allocated on a reasonable basis to a segment. Segment assets and liabilities: Segment assets include all operating assets used by a segment and consist principally of operating receivables, inventories and vehicles, premises and equipment, net of allowances and provisions. Capital additions include the total cost incurred to acquire vehicles, premises and equipment directly attributable to the segment. Segment liabilities include all operating liabilities and consist principally of accounts payable and accruals. 3.1 Segment information Public Other Transport Commercial Services Services Total $'000 $'000 $'000 First Half 2024 Revenue 7 54,278 2 7,075 7 81,353 Results Segment results 2 6,999 7 ,702 3 4,701 Interest income 5 ,914 Finance costs ( 404) Profit before taxation 4 0,211 Tax expense ( 6,513) Profit attributable to shareholders 3 3,698 OTHER INFORMATION Depreciation expense 4 0,776 2 ,484 4 3,260 First Half 2023 Revenue 7 17,388 2 6,994 7 44,382 Results Segment results 1 8,338 1 7,756 3 6,094 Interest income 6 ,295 Finance costs ( 650) Profit before taxation 4 1,739 Tax expense ( 6,951) Profit attributable to shareholders 3 4,788 OTHER INFORMATION Depreciation expense 4 4,576 2 ,616 4 7,192 Page 10 of 20 3.2 Revenue Revenue is substantially generated from the provision of bus and rail services to commuters travelling on public transport systems. Revenue from transport services are mainly contracts with the Government (public sector) in Singapore for an average of 10 years. Included in the revenue from transport services are performance incentives from transport regulator for achieving certain performance and service quality targets, and other rail related services income. The performance incentives accounted for approximately 3% (2023: 3%) of the total revenue. Revenue from Public Transport Services and Other Commercial Services are recognised over time. Page 11