20. Inventories – Trading Properties
| Group | 2014 €’000 |
2013 €’000 |
|---|---|---|
| Social housing units | 29,050 | 7,163 |
| Other | 8,901 | 31,761 |
| Total trading properties | 37,951 | 38,924 |
Trading properties are recognised in accordance with accounting policy 2.16.
The movement in carrying values relate to the following activity by the Group in 2014:
- acquisition of an additional 192 social housing units as part of the social housing initiative;
- acquisition of lands in settlement of debt and lands considered to be of strategic importance to the Group in terms of ongoing development strategies;
- disposal of lands in the Dublin docklands to a qualifying investor alternative investment fund (QIAIF) in return for an equity interest in the fund. Please see Note 26 for further information;
- disposal of lands in the US that were acquired in 2013 in settlement of debt;
- disposal of minor non real estate assets previously acquired in settlement of debt.