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Consolidated Statements of Operations Information

12 Months Ended

Dec. 31, 2023

Consolidated Statements of Operations Information

Consolidated Statements of Operations Information

Note 17. Consolidated Statements of Operations Information

Revenue

The Group’s revenue comprised:


Years ended December 31:	2023		2022		2021
Royalty, goods and products and services	$	43,330	$	52,218	$	60,201
Interest		3,717		3,712		405
Dividends		146		268		244
Other, including medical and real estate sectors		7,751		7,491		10,441
Revenue	$	54,944	$	63,689	$	71,291

The revenue of $54,944 from royalty, goods and products and services for the year ended December 31, 2023 comprised royalty revenue of $35,234, natural gas of $3,374, power and electricity of $3,557 and fees of $1,165.

The revenue of $52,218 from royalty, goods and products and services for the year ended December 31, 2022 comprised royalty revenue of $28,970, natural gas of $17,581, power and electricity of $3,974 and fees of $1,693.

The revenue of $60,201 from royalty, goods and products and services for the year ended December 31, 2021 comprised royalty revenue of $40,137, natural gas of $13,236, power and electricity of $2,927, food products of $2,721 and fees of $1,180.

Costs and Expenses

The Group’s costs of sales and services comprised:


Years Ended December 31:	2023		2022		2021
Royalty, goods and products and services	$	12,689	$	23,677	$	22,933
Reversal of write-down of inventories		(27)		(21)		(19)
Gain on derivative contracts, net		—		—		(1,376)
Net fair value loss (gain) on investment property and real estate for sale		59		(96)		(407)
Gain on disposition of a subsidiary		—		(264)		—
Gains on settlements and derecognition of liabilities		(1,313)		(69)		(390)
Change in fair value of loan payable measured at FVTPL		360		141		1,616
Losses on securities, net		2,794		2,436		2,320
Other, including medical and real estate sectors		4,512		4,078		6,241
Total costs of sales and services	$	19,074	$	29,882	$	30,918

Note 17. Consolidated Statements of Operations Information (continued)

The Group’s net gain on disposition of a subsidiary comprised:


Years ended December 31:	2023		2022		2021
Net liabilities in excess of considerations received	$	—	$	(273)	$	—
Reclassification adjustment for the exchange differences upon disposition of a subsidiary		—		9		—
Gain on disposition of a subsidiary (see Note 27)	$	—	$	(264)	$	—

The Group included the following items in costs of sales and services:


Years ended December 31:	2023		2022		2021
Inventories as costs of goods sold (including depreciation expenses allocated to costs of goods sold)	$	40	$	80	$	3,488

The Group’s selling, general and administrative expenses comprised:


Years ended December 31:	2023			2022		2021
Compensation (wages and salaries)	$	5,418		$	4,443	$	4,551
Legal and professional		7,242			6,983		6,395
Accounting		1,646			885		1,238
Consulting and fees		3,095			6,529		3,423
Depreciation and amortization		932			784		481
Office		804			748		948
Reimbursement of expenses (net of recovery)		886			5,607		1,018
Other		4,159	*		2,501		3,090
	$	24,182		$	28,480	$	21,144

*Including expenses of $542 relating to a planned acquisition which was terminated in 2023.

Additional information on the nature of costs and expenses


Years Ended December 31:	2023		2022		2021
Depreciation, depletion and amortization	$	7,929	$	10,699	$	11,023
Employee benefits expenses*		8,057		7,194		6,922
Expenses for defined contribution plans and similar plans		227		278		253
Termination benefits		—		394		—

*Employee benefits expenses do not include the directors’ fees of the Company. For directors’ fees, see Note 24.