Positioning for the Future | 159
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
11 DEVELOPMENT PROPERTIES FOR SALE AND STOCKS
(cont’d)
(f) During the mnancial year, the following amounts were capitalised as cost of development properties
for sale
The Group
Note
2014
$’000
2013
$’000
Staff costs
27(b)
21,288
50,522
^
Interest costs paid/payable
27(d)
44,510
105,924
#
Less
Interest income received/receivable
from project mxed deposit accounts
27(a)
(254)
(249)
65,544
156,197
^
Included $33.5 million relating to a discontinued operation.
#
Included $50.6 million relating to a discontinued operation.
(g) Movements in allowance for foreseeable losses in respect of development properties for sale were as follows
The Group
Note
2014
$’000
2013
$’000
At 1 January
(383,701)
(97,122)
Allowance during the year
27(c)(i)
(82,811)
(99,206)*
Utilisation during the year
268,180
–
Acquisition of a subsidiary
–
(260,708)
Disposal of a subsidiary
–
73,852
Translation differences
(1,763)
(517)
At 31 December
(200,095)
(383,701)
*
Included $73.9 million relating to a discontinued operation.
