Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 215 For the year ended 31 December 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 6. COURSE FEES AND RELATED INCOME AND TRADE TESTING INCOME Course fees and related income is recognised over time. Trade testing income is recognised at a point in time. All these incomes represent contracts with customers and were derived from Hong Kong. (i) Course fees and related income The Group provides construction training courses to trainees. Such courses are recognised as a performance obligation satisfied over time as the trainee simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs. Revenue is recognised over the period of training based on the output method. All courses are for periods of one year or less. As permitted under HKFRS 15, the transaction price allocated to these unsatisfied contracts is not disclosed. (ii) Trade testing income The Group provides trade testing services to construction industry practitioners. Such services are recognised at a point of time upon the completion of the testing. All trade testing services are for periods of one year or less. As permitted under HKFRS 15, the transaction price allocated to these unsatisfied contracts is not disclosed. 7. INVESTMENT AND INTEREST INCOME 2024 2023 HK$ HK$ Interest on bank deposits 103,038,129 80,374,952 Interest on debt instruments at amortised cost 5,507,537 5,596,969 Dividend from equity instruments at FVTOCI 339,612 339,612 108,885,278 86,311,533