NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
INVENTORIES
19
(a)
Inventories in the consolidated statement of financial position comprise:
(b)
Property development
Properties under development for sale
Completed properties held for sale
Other operations
Trading stocks
Spare parts and consumables
Work in progress
2016
HK$'000
2015
HK$'000
326,518
241,066
150,429
235,191
476,947
476,257
1,596
1,130
1,462
1,255
7,157
14,264
10,215
16,649
487,162
492,906
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$Nil (2015: HK$241,066,000). All of the other inventories are expected to be recovered within one year.
The analysis of the amount of inventories recognised as an expense and included in profit or loss is as follows:
Carrying amount of inventories sold
2016
HK$'000
2015
HK$'000
87,224
531,507
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2016
119