Annual Report 2019

ANNUAL REPORT 2019 205 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 March 2019 7. REVENUE (continued) Performance obligations for contracts with customers (continued) Car park income The car park revenue from customers are recognised over time using output method when the service and facilities are provided. Gaming revenue Gaming revenue is the aggregate net difference between gaming wins and losses. Provision of property management services Revenue from property management service is recognised over time as income when the services and facilities are provided. Food and beverage For income from food and beverages, revenue is recognised when the food and beverages are delivered to the customer. Transaction price allocated to the remaining performance obligation for contracts with customers The transaction price allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at 31 March 2019 and the expected timing of recognising revenue are as follow: Sales of properties HK$’000 Within one year 3,121,906 More than one year but not more than two years 5,426,810 More than two years 6,176,401 14,725,117 The amount disclosed above do not include transaction price allocated to performance obligation which are part of contracts that have an original expected duration of one year or less, and also contracts for property management services in which the Group bills a fixed amount each month according to the terms. As at 31 March 2019, contracts with customers with unsatisfied performance obligations for the income from gaming operations, hotel revenue, car park income have original expected duration of one year or less.