URA

123 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 10. Building rehabilitation loans As at 31 March 2018, the building rehabilitation loans are analysed as follows: 2018 2017 $’000 $’000 Non-current portion 10,908 14,301 Current portion 7,389 10,031 18,297 24,332 The building rehabilitation loans are interest-free, except for default, in which case interest will be charged on the overdue amount at the Prime Lending Rate quoted by The Hongkong and Shanghai Banking Corporation Limited. The Group reserves the right to impose legal charges over the properties for loans of amounts between $25,001 and $100,000. All non-current portion of building rehabilitation loans are due within five years from the end of the reporting period. As at 31 March 2018, instalments of building rehabilitation loans of $199,000 (31 March 2017: $249,000) were past due but not impaired. These relate to a number of borrowers for whom there are no recent history of bad debt. The ageing analysis of these building rehabilitation loans is as follows: 2018 2017 $’000 $’000 Less than 3 months 27 93 3 to 6 months 13 12 6 to 12 months 22 23 Over 1 year 137 121 Balance at 31 March 199 249 The maximum exposure to credit risk of the Group is the carrying value of the building rehabilitation loans. 11. Trade and other receivables (a) Other receivables Other receivables under non-current assets represent Buyer’s Stamp Duty and Ad Valorem Double Stamp Duty that the Group will claim for refund from the Government upon the happening of the refund event in accordance with Stamp Duty Ordinance Chapter 117.