Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 214 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 15. INVESTMENT PROPERTIES HK$’000 At 1 April 2017 3,001,786 Additions 9,221 Reclassify to property, plant and equipment (198,360) Reclassify from property, plant and equipment and prepaid lease payments 42,840 Disposals (42,465) Increase in fair value 277,389 Exchange alignment 139,026 At 31 March 2018 3,229,437 Additions 553,445 Acquired on acquisition of subsidiaries 1,132,950 Reclassify from completed properties for sale 16,343 Disposals (49,120) Increase in fair value 672,530 Exchange alignment (129,189) At 31 March 2019 5,426,396 2019 2018 HK$’000 HK$’000 The carrying amounts of investment properties which are stated at fair value are on land located: In HK: Long leases 70,200 105,630 Medium-term leases 1,738,174 1,626,813 Outside HK: Freehold 258,234 168,079 Long leases 160,618 166,415 Medium-term leases 3,199,170 1,162,500 5,426,396 3,229,437 During the year ended 31 March 2019, the Group transferred certain completed properties for sale to investment properties at fair value of HK$16,343,000 (2018: property, plant and equipment and prepaid lease payments to investment properties fair value of HK$42,840,000).