Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 226 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 21. INVESTMENT SECURITIES (continued) 2019 2018 HK$’000 HK$’000 Analysed for reporting purposes as: Non-current assets 1,081,626 13,564 Current assets 3,340,828 3,506,479 4,422,454 3,520,043 Note: Investment funds represent pool investments, comprising equity and debts securities in various markets. 22. LOAN RECEIVABLES 2019 2018 HK$’000 HK$’000 Loan receivables 253,497 92,316 Less: Amount due within one year and classified under current assets (20,244) (11,827) Amount due after one year 233,253 80,489 Loan receivables mainly represent mortgage loans with carrying amount of HK$253,497,000 (2018: HK$82,292,000) and secured by the properties of the borrowers. Included in loan receivables is an amount of HK$170,829,000 (2018: HK$20,531,000) which bear interest ranging at prime rate minus 1.5% for first two years and prime rate plus 0.5% for the remaining period; an amount of HK$46,750,000 (2018: HK$59,617,000) are interest-free for the first 3 years and bear interest at prime rate per annum and are repayable by instalment thereafter; an amount of HK$26,368,000 which bear interest ranging from prime rate to prime rate plus 2% for whole loan period and the remaining balance of HK$9,550,000 (2018: HK$12,168,000) are unsecured, interest-free and repayable on demand. In determining the recoverability of loan receivables, the Group considers any change in the credit quality of the borrowers, the value of the underlying properties under mortgage, historical settlements of loan interests and other forward-looking information. Details of impairment assessment are set out in note 47.