NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
888
18
INVENTORIES
(a) Inventories in the consolidated statement of financial position comprise:
Property development
Properties under development for sale
Completed properties held for sale
Other operations
Trading stocks
Spare parts and consumables
Work in progress
2014
HK$'000
2013
HK$'000
842,566
2,821,770
227,958
48,632
1,070,524
2,870,402
898
899
1,723
2,221
11,454
8,918
14,075
12,038
1,084,599
2,882,440
(b)
The above properties are situated in Hong Kong and held under medium-term leases.
The amount of properties under development for sale expected to be completed after more than one year is HK$233,498,000 (2013: HK$231,864,000). All of the other inventories are expected to be recovered within one year.
The analysis of the amount of inventories recognised as an expense and included in profit or loss is as follows:
Carrying amount of inventories sold
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
2014
HK$'000
2013
HK$'000
2,052,562
43,061
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