# 22. Properties Held for Sale

The carrying amounts of properties held for sale comprise properties situated in:

22. 持作出售之物業

持作出售之物業之賬面值包括位於以下地方的物業：

<table><tr><td rowspan="2"></td><td>2021</td><td>2020</td></tr><tr><td>HK$’000 
千港元</td><td>HK$’000
千港元</td></tr><tr><td>Hong Kong                香港</td><td>1,669,552</td><td>315,061</td></tr><tr><td>The PRC                     中國</td><td>469</td><td>436</td></tr><tr><td></td><td>1,670,021</td><td>315,497</td></tr></table>

# 23. Properties Under Development for Sale

The amounts represent projects of properties under development for sale in Hong Kong.

Included in the amounts are properties under development for sale of approximately HK\$5,225,609,000 (2020: HK\$3,642,768,000) which are expected to be recovered after twelve months from the end of the reporting period.

During the year, the net interest capitalised in properties under development for sale amounted to HK\$223,108,000 (2020: HK\$231,590,000).

# 24. Trade and Other Receivables

An analysis of trade and other receivables is as follows:

23. 持作出售之發展中物業有關金額指於香港持作出售之發展中物業。

該等款項包括之持作出售之發展中物業約5,225,609,000港元（2020年：3,642,768,000港元）預計將於報告期末起計十二個月後可收回。

於本年度，持作出售之發展中物業之資本化利息淨值為223,108,000港元（2020年：231,590,000港元）。

24. 貿易及其他應收款項

貿易及其他應收款項之分析如下：

<table><tr><td rowspan="2"></td><td>2021</td><td>2020</td></tr><tr><td>HK$’000 
千港元</td><td>HK$’000
千港元</td></tr><tr><td>Trade receivables (Note a)       貿易應收款項（附註a)</td><td>63,303</td><td>43,101</td></tr><tr><td>Chips on hand (Note b)        籌碼（附註b）</td><td>54,666</td><td>69,277</td></tr><tr><td>Other receivables (Note c)       其他應收款項（附註c)</td><td>286,068</td><td>343,209</td></tr><tr><td>Deposits and prepayments (Note d) 按金及預付款項（附註d）</td><td>833,523</td><td>961,600</td></tr><tr><td></td><td>1,237,560</td><td>1,417,187</td></tr></table>

As at 31 March 2021, trade receivables comprise receivables from contracts with customers and lease receivables of HK\$40,969,000 (2020: HK\$23,991,000) and HK\$22,334,000 (2020: HK\$19,110,000) respectively.

As at 1 April 2019, trade receivables from contracts with customers and lease receivables amounted to HK\$102,756,000 and HK\$4,889,000 respectively.

於2021年3月31日，貿易應收款項包括來自客戶合約之應收款項及應收租賃款項，分別為40,969,000港元（2020年：23,991,000港元）及22,334,000港元（2020年：19,110,000港元）。

於2019年4月1日，貿易應收款項包括來自客戶合約之應收款及租賃應收款分別為102,756,000港元及4,889,000港元。

# 24. Trade and Other Receivables (continued)

An aging analysis of the Group’s trade receivables (net of impairment allowance) based on either the date of credit granted or the invoice date at the end of the reporting period is set out below:

24. 貿易及其他應收款項（續）

於報告期末，根據本集團貿易應收款項（扣除減值撥備）之授出信貸日期或發票日期所作出之賬齡分析如下：

<table><tr><td rowspan="2"></td><td>2021</td><td>2020</td></tr><tr><td>HK$’000 
千港元</td><td>HK$’000
千港元</td></tr><tr><td>0 – 30 days                0至30日</td><td>45,480</td><td>25,493</td></tr><tr><td>31 – 90 days                31至90日</td><td>2,271</td><td>3,447</td></tr><tr><td>91 – 180 days               91至180日</td><td>2,652</td><td>1,261</td></tr><tr><td>Over 180 days               180日以上</td><td>12,900</td><td>12,900</td></tr><tr><td></td><td>63,303</td><td>43,101</td></tr></table>

Notes:

(a) No credit period was granted to tenants for rental of premises. Before accepting any new tenant, the Group will internally assess the credit quality of the potential tenant. No credit period was granted to hotel customers generally except for those high credit rating customers to whom an average credit period of 30 days were granted.

For gaming operation, the Group normally allows credit periods of up to 60 days to its credit approved customers, except for certain credit worthy customers with long term relationship and stable repayment pattern, where the credit periods are extended to a longer period.

As at 31 March 2021, included in the trade receivable balances in respect of other operations are debtors with carrying amounts of HK\$22,334,000 (2020: HK\$19,110,000) which are past due at the end of the reporting period.

(b) Chips on hand represent chips issued by a gaming concessionaire in Macau which can be exchanged into their cash amounts.

(c) As at 31 March 2021, included in other receivables are amounts due from related companies of HK\$36,563,000 (2020: HK\$44,741,000). These related companies are indirectly controlled by private discretionary trusts which are founded by Dr. Albert Yeung, a deemed substantial shareholder of the Company. The amounts are unsecured, interest-free and repayable on demand.

As at 31 March 2021, included in other receivables are deposits received for sales of the Group’s properties of HK\$34,437,000 (2020: HK\$20,601,000) under the custody of the independent lawyers on behalf of the Group.

(d) As at 31 March 2021, included in deposits and prepayments are refundable stamp duties in respect of redevelopment projects of HK\$676,904,000 (2020: HK\$778,433,000).

Details of impairment assessment of trade and other receivables for the year ended 31 March 2021 are set out in note 43(b).

附註：

(a) 本集團並無向租賃物業之承租人授出信貸期。於接納任何新承租人之前，本集團將內部評估潛在承租人之信貸質素。本集團通常亦不會向酒店客戶授出信貸期，惟信譽良好之客戶除外，而所授出之平均信貸期為30日。

就博彩業務而言，本集團一般給予其客戶授出最多60日之信貸期，惟若干具有長期關係及穩定還款模式的信譽良好客戶，彼等之信貸期可獲延長至一段較長期間。

於2021年3月31日，其他業務之貿易應收款項結餘包括賬面值22,334,000港元（2020年：19,110,000港元）之應收賬款，其於報告期末已逾期。

(b) 籌碼由澳門博彩承批公司發行，並可轉換為對等現金款項。

(c) 於2021年3月31日，其他應收款項包括應收關連公司之款項36,563,000港元（2020年：44,741,000港元）。該等關連公司均由楊博士（被視為本公司之主要股東）成立之私人酌情信託間接控制。有關款項為無抵押、免息及按要求償還。

於2021年3月31日，其他應收款項包括就銷售本集團之物業收取之按金34,437,000港元（2020年：20,601,000港元），其由獨立律師代表本集團保管。

(d) 於2021年3月31日，按金及預付款項包括重建項目之可退還印花稅676,904,000港元（2020年：778,433,000港元）。

截至2021年3月31日止年度之貿易及其他應收款項之減值評估詳情載於附註43(b)。