Page 168 - URA Annual Report 2021-22

NOTES TO THE FINANCIAL STATEMENTS
(expressed in Hong Kong Dollars)
17. Trade and other payables (Continued) (a) Contract liabilities (Continued)
Movements in contract liabilities
Balance at 1 April
Decrease in contract liabilities as a result of recognising revenue during the year that was included in the contract liabilities at the beginning of the period
Increase in contract liabilities as a result of receiving forward sales deposits and instalments during the year in respect of property sales not yet completed as at 31 March
Balance at 31 March
18. Debt securities issued
2022 $’000
29,175
(29,175) 6,255
6,255
2021 $’000
210,084
(210,084) 29,175
29,175
As at 31 March 2022, the Group has issued the following fixed rate notes under a Medium Term Note programme.
2022 $’000
- 300,000 500,000
(2,080)
797,920
300,000 -
(145) -
299,855 -
Non-current portion
HK dollar Fixed rate notes with coupon of 2.18% due 2023 HK dollar Fixed rate notes with coupon of 2.15% due 2023 HK dollar Fixed rate notes with coupon of 3.85% due 2026 Less: Unamortised debt securities issuing costs
Current portion
HK dollar Fixed rate notes with coupon of 2.18% due 2023 Less: Unamortised debt securities issuing costs
2021 $’000
300,000 300,000 500,000
(3,086)
1,096,914
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