Page 150 - URA Annual Report 2020-21

NOTES TO THE FINANCIAL STATEMENTS
(expressed in Hong Kong Dollars)
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 2021, the trade and other receivables are current in nature and analysed as follows:
Trade receivables and prepayments Interest receivables
Other receivables and deposits
Balance at 31 March
2021 $’000
60,080 44,268 29,593
133,941
2020 $’000
39,018 191,785 235,541
466,344
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.
12. Cash and bank balances
Bank deposits
Original maturities of 3 months or less Original maturities of more than 3 months
Less: Amounts held in trust for joint development projects Cash at banks and in hand
Maximum exposure to credit risk
2021 $’000
1,854,447 7,223,052
9,077,499 (1,213)
9,076,286 217,207
9,293,493 9,293,478
2020 $’000
2,137,809 7,640,903
9,778,712 (1,203)
9,777,509 36,788
9,814,297 9,814,282
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URA ANNUAL REPORT 2020-21