Page 156 - Urban Renewal Authority 2023-24 Annual Report
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NOTES TO THE FINANCIAL STATEMENTS
(expressed in Hong Kong Dollars)
15. Trade and other receivables
As at 31 March 2024, the trade and other receivables are current in nature and analysed as follows:
2024 2023
$’000 $’000
Trade receivables and prepayments 219,932 168,748
Interest receivables 197,372 267,454
Other receivables and deposits 30,125 33,898
Balance at 31 March 447,429 470,100
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.
16. Capital
On 21 June 2002, the Finance Committee of the Legislative Council approved a commitment of $10 billion
for injection as equity into the Authority. The Government injected the equity into the Authority in phases
over the five financial years from 2002/03 to 2006/07. At 31 March 2024, the Authority had received all five
tranches of equity injection of $10 billion in total.
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