Annual Report 2019

ANNUAL REPORT 2019 227 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 March 2019 23. PLEDGED DEPOSITS, RESTRICTED BANK DEPOSITS, DEPOSIT IN A FINANCIAL INSTITUTION, BANK BALANCES AND CASH Pledged deposits included in non-current assets carry interest at rates ranging from 0.00% to 3.19% (2018: 0.00% to 3.21%) per annum. These deposits are pledged to secure bank loans repayable after one year. The pledged deposits shown under current assets carry interest at market rates ranging from 0.00% to 3.27% (2018: 0.00% to 3.25%) per annum. These deposits, with maturity dates ranging from 1 to 6 months, are pledged to secure bank borrowings repayable within one year. Restricted bank deposits, carry interest at market rates ranging from 0.35% to 1.55% (2018: 0.35% to 1.05%), represent custody deposits paid in banks in relation to certain banking facility arrangements of the Group and deposits can be solely applied for settlement of development cost of designated property projects. Deposit in a financial institution carries interest at a rate of 0.00% to 0.55% (2018: 0.00% to 0.50%) per annum. Bank deposits with maturity of less than three months and bank balances carry interest at market rates ranging from 0.00% to 2.50% (2018: 0.00% to 2.40%) per annum. 24. PROPERTIES FOR SALE Included in properties for sale are properties with carrying value of HK$10,735,435,000 (2018: HK$9,795,742,000) which are not expected to be realised within the next twelve months. 25. DEBTORS, DEPOSITS AND PREPAYMENTS 2019 2018 HK$’000 HK$’000 Trade debtors, net of allowance for credit loss 138,809 123,034 Advance to contractors 685 11,310 Utility and other deposits 78,852 25,888 Prepayment and other receivables 194,807 204,722 Other tax recoverable 34,693 56,892 Deposit and stamp duty paid for the acquisition of property 20,000 100,828 467,846 522,674 The following is an aged analysis of trade debtors, net of allowance for credit losses, based on the invoice date at the end of the reporting period, which approximates the respective revenue recognition date: 2019 2018 HK$’000 HK$’000 0–60 days 112,476 94,203 61–90 days 6,857 6,745 Over 90 days 19,476 22,086 138,809 123,034 Trade debtors aged over 60 days are past due but are not impaired.