9. Inventories (cont’d)
Group
2015 2014
$’000 $’000
Consolidated income statement:
Inventories recognised as an expense in cost of sales
21,002 26,934
Inventories include depreciation capitalised amounting to $2,297,000 (2014: $995,000)
(Note 4).
10. Construction work-in-progress/Progress billings in excess of
construction work-in-progress
Group
2015 2014
$’000 $’000
Construction work-in-progress and attributable profits
(less recognised losses) to date
111,225 503,841
Less: Progress billings
(97,308) (339,535)
13,917 164,306
Presented as:
Construction work-in-progress
48,542 199,318
Progress billings in excess of construction work-in-progress
(34,625)
(35,012)
13,917 164,306
The construction work-in-progress includes depreciation capitalised amounting
to $11,032,000 (2014: $7,535,000) (Note 4) and interest capitalised amounting to
$1,704,000 (2014: $831,000).
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
123
