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Long term investment | 12 Months Ended
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Dec. 31, 2017
ZHEJIANG TIANLAN |
Long term investment | The Group's long-term investments consist of minority ownership interests in two limited liability companies, generally from private equity arrangements. These investments are carried under the equity method of accounting, with changes in the carrying value reported as realized gains or losses in the consolidated financial statements. During the year ended December 31, 2017, the Company and its subsidiary, invested RMB2,373,000 and RMB276,000 (totally RMB2,649,000) into two limited liability companies respectively. The carrying values of these investments approximately RMB1,861,000 and RMB130,000 (totally RMB1,991,000) as at December 31, 2017 (December 31, 2016: Nil).
ZHEJIANG JIAHUAN |
Long term investment |
| 2017
|  | Gross unrealized |
| Amortized cost | Gains | Losses | Fair Value
| RMB’000 | RMB’000 | RMB’000 | RMB’000
Long term investment: |  |  |  |
Unlisted investment | 69 | - | - | 69
| 2016
|  | Gross unrealized |
| Amortized cost | Gains | Losses | Fair Value
| RMB’000 | RMB’000 | RMB’000 | RMB’000
Long term investment: |  |  |  |
Unlisted investment | 69 | - | - | 69
Long term investment valued at amortized cost, the fair value of the unlisted investment approximates its book value.

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