mick,
if it posts then you can see the company is showing different segments for real estate...Maybe the under development, developed, and property held for sale is when the unimproved land has buildings in progress or completed on them...
Easier to see in column for on the actual 6-K filing...Easier for me to understand after you walk me thru it some...LJ
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 September 2009
30 September 2009 31 March 2009
Notes HK$’ 000 HK$’ 000
(unaudited) (audited)
Non-current assets
Property, plant and equipment 9 38,347 40,158
Investment properties 845,390 845,384
Prepaid land lease payments 27,419 27,776
Properties under development 10 — 201,328
Investment properties under construction 11 189,246 —
Interest in an associate 102 52
Deferred tax assets 1,925 —
Total non-current assets 1,102,429 1,114,698
Current assets
Inventories 41,154 41,942
Properties under development 10 54,353 —
Completed properties held for sale 165,846 179,619
Trade and other receivables 12 173,658 226,553
Financial assets at fair value through profit or loss 12,759 18,619
Tax recoverable 2,728 3,479
Restricted cash 17,000 17,000
Cash and cash equivalents 558,969 462,766
Total current assets 1,026,467 949,978
Current liabilities
Trade and other payables 13 471,153 439,456
Income taxes payable 72,951 68,507
Interest-bearing bank loans 14 180,797 90,400
Total current liabilities 724,901 598,363
Net current assets 301,566 351,615
Total assets less current liabilities 1,403,995 1,466,313
5
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