Annual Report 2020

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020 109 The United Laboratories International Holdings Limited Annual Report 2020 22. FINANCIAL ASSET AT FAIR VALUE THROUGH PROFIT OR LOSS 2020 2019 RMB’000 RMB’000 Equity securities of unlisted investments, classified as non-current assets 500 500 The above unlisted equity investments represent the Group’s equity interest in a private entity established in the PRC, which are measured at FVTPL at the end of both reporting period. 23. INVENTORIES 2020 2019 RMB’000 RMB’000 Raw materials 458,550 514,016 Work in progress 193,628 205,897 Finished goods 776,324 855,322 1,428,502 1,575,235