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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
10. INVENTORIES
December 2016
$m
December 2015
$m
Property developments
Cost of acquisition
66.3
248.5
Development expenses capitalised
110.8
95.9
Rates, taxes, finance and other costs capitalised
28.2
39.9
Total property developments
205.3
384.3
Other inventories
Raw materials and consumables at cost
174.6
155.0
Total other inventories
174.6
155.0
Total inventories
379.9
539.3
Current
213.0
264.0
Non-current
166.9
275.3
Total inventories
379.9
539.3
Finance costs capitalised to property developments during the period were $5.5 million
(31 December 2015: $3.8 million). Property
developments pledged as security for interest bearing liabilities - refer to Note 35(j):
Financial instruments - Assets Pledged as Security
.
11. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
Note
December 2016
$m
December 2015
$m
Associates
25
72.9
558.9
Joint venture entities
26
543.6
514.2
Total investments accounted for using the equity method
616.5
1,073.1
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