Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 242 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 40. CHARGE ON ASSETS Bank and other borrowings of HK$15,050,084,000 (2018: HK$10,531,398,000) and obligations under finance leases of HK$19,173,000 (2018: HK$17,147,000) outstanding at the end of the reporting period are secured by a fixed charge over the following assets of the Group and together with a floating charge over other assets of the property owners and benefits accrued to those properties: 2019 2018 HK$’000 HK$’000 Investment properties 2,416,776 2,058,974 Property, plant and equipment 5,612,513 6,429,653 Prepaid lease payments 497,236 533,321 Properties for sale 11,774,893 6,985,792 Bank deposits 35,940 22,023 Investment securities 1,073,723 432,340 21,411,081 16,462,103 In addition, the shares of certain subsidiaries are pledged as securities to obtain certain banking facilities granted to the Group at the end of the reporting period. 41. CAPITAL COMMITMENTS 2019 2018 HK$’000 HK$’000 Capital expenditure contracted for but not provided in the consolidated financial statements in respect of: Acquisition, development and refurbishment of hotel properties 877,949 1,596,141 Commitment to provide credit facility to a joint venture 65,000 – Others 28,273 30,714 971,222 1,626,855