URA

133 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 19. Provision for a committed project (Continued) As at 31 March 2018, the total provision for impairment on projects are analysed as follows: 2018 2017 $’000 $’000 Provision for impairment classified under properties under development  as set out in Note 9 1,980,300 3,304,600 Provision for committed projects as set out above – 35,000 Total provision for projects 1,980,300 3,339,600 20. Reserve for Facilitation Service Fee paid by the owners and the purchasers to the Urban Redevelopment Facilitating Services Company Limited, a wholly owned subsidiary of the Authority, is set aside in a reserve account for other facilitation projects. 21. Provident fund scheme The Group provides retirement benefits to its eligible employees under defined contribution schemes. In accordance with the Mandatory Provident Fund Schemes Ordinance, the eligible employees enjoy retirement benefits under the Mandatory Provident Fund Exempted ORSO Scheme or the Mandatory Provident Fund Scheme (the “Schemes”) under which employer’s voluntary contributions have been made. The assets of the Schemes are held separately from those of the Group and managed by independent administrators. The Group normally makes voluntary contributions ranging from 5% to 10% of the employees’ monthly salaries depending on the years of service of the employees. The total amount contributed by the Group into the Schemes for the year ended 31 March 2018 was $25,195,000 (2016/17: $26,151,000), net of forfeitures of $2,131,000 (2016/17: $677,000), which has been charged to the Group’s profit or loss for the year. 22. Commitments (a) Capital commitments Capital commitments in respect of acquisition of property, plant and equipment at 31 March 2018 are as follows: 2018 2017 $’000 $’000 Contracted but not yet incurred 2,403 44,821