NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 19. REVENUE (CONT’D) (b) Recognition of project revenue over time For the project revenue where the Group satisfies its performance obligations over time, management has determined that a cost-based input method provides a faithful depiction of the Group’s performance in transferring control to the customers, as it reflects the Group’s efforts incurred to date relative to the total inputs expected to be incurred for the projects. The measure of progress is based on the costs incurred to date as a proportion of total costs expected to be incurred up to the completion of the projects. The determination of total budgeted costs, progress towards completion, variation orders and claims and remaining costs to completion for each contract requires significant management judgement and estimation. Management relies on past experience and knowledge of the project engineers to make estimates of the amounts to be incurred. In making these estimates, management takes into consideration the historical trends of the amounts incurred in its other similar projects, analysed by different business segments for the past years. 20. OTHER NON-OPERATING INCOME Group 2025 2024 $’000 $’000 Loss on disposal and write-off of property, plant and equipment (2,768) (322) Gain on disposal of asset held-for-sale 6,907 588 Transaction costs related to disposal of asset held-for-sale (1,369) − Write-off of intangible assets (2,003) − (Loss)/gain on liquidation of a subsidiary (30) 266 Other non-operating expenses − (52) 737 480 21. FINANCE INCOME Group 2025 2024 $’000 $’000 Interest income from: – Short-term deposits 255 613 255 613 22. FINANCE COSTS Group 2025 2024 $’000 $’000 Interest expense on bank loans 6,170 7,813 Accretion of interest on lease liabilities 2,705 1,160 8,875 8,973 168 CSE GLOBAL LIMITED
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