Urban Renewal Authority 2018-19 Annual Report

153 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 10. Building rehabilitation loans As at 31 March 2019, the building rehabilitation loans are analysed as follows: 2019 2018 $’000 $’000 Non-current portion 8,496 10,908 Current portion 5,016 7,389 13,512 18,297 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. 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. (b) Trade and other receivables As at 31 March 2019, the trade and other receivables are current in nature and analysed as follows: 2019 2018 $’000 $’000 Trade receivables and prepayments 35,492 36,411 Interest receivables 250,262 131,019 Other receivables and deposits 25,648 33,780 Balance at 31 March 311,402 201,210 All of trade and other receivables are expected to be recovered within one year. The maximum exposure to credit risk of the Group is the carrying amount of trade and other receivables.