# 32. FINANCE LEASE PAYABLES

32. 應付融資租賃款項

<table><tr><td></td><td colspan="2">Minimum lease payments
最低租約付款</td><td colspan="2">Present value of
minimum lease payments
最低租約付款現值</td></tr><tr><td></td><td>2018 
2018年</td><td>2017 
2017年</td><td>2018 
2018年</td><td>2017
2017年</td></tr><tr><td></td><td>HK$ 
港元</td><td>HK$ 
港元</td><td>HK$ 
港元</td><td>HK$
港元</td></tr><tr><td>Within one year        一年內</td><td>147,936</td><td>226,611</td><td>140,288</td><td>219,346</td></tr><tr><td>In the second to fifth years, 第二年至第五年
inclusive          （包括首尾兩年）</td><td>90,626</td><td>84,695</td><td>83,847</td><td>83,805</td></tr><tr><td></td><td>238,562</td><td>311,306</td><td>224,135</td><td>303,151</td></tr><tr><td>Less: Future finance charge 減：未來融資開支</td><td>(14,427)</td><td>(8,155)</td><td>–</td><td>–</td></tr><tr><td>Present value of lease     租賃承擔現值
obligations</td><td>224,135</td><td>303,151</td><td></td><td></td></tr><tr><td>Less: Amount due for     減：十二個月內到期
settlement within 12 months 支付的款項
(shown under current     （列為流動負債）
liabilities)</td><td></td><td></td><td>(140,288)</td><td>(219,346)</td></tr><tr><td>Amount due for settlement 十二個月後到期支付的
after 12 months       款項</td><td></td><td></td><td>83,847</td><td>83,805</td></tr></table>

It is the Group’s policy to lease certain of its motor vehicles under finance leases. The average lease term is 3 years. At 31 March 2018, the average effective borrowing rate was at the rate per annum of 3.8% to 4.27% (2017: 3.8% to 4.27%). Interest rates are fixed at the contract dates and thus expose the Group to fair value interest rate risk. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. At the end of each lease term, the Group has the option to purchase the motor vehicles at nominal prices.

All finance lease payables are denominated in Hong Kong dollars.

本集團政策為以融資租賃租借若干汽車。平均租期為3年。於2018年3月31日，平均實際借貸利率為每年3.8%至4.27%（2017年：3.8%至4.27%）。利率於合約日期釐定，本集團因此承擔公允值利率風險。所有租約按固定還款基準，並無就或然租金付款訂立安排。於各租期屆滿時，本集團有選擇權按面值購買汽車。

全部應付融資租賃款項均以港元計值。

# 33. PROMISSORY NOTES PAYABLES

# Promissory note (A)

On 31 March 2017, the Company issued two promissory notes of HK\$7,000,000 each to settle part of the consideration in the acquisition of the 100% equity interest in MRIL and FTIL.

The amount is unsecured and interest free. The sum of HK\$14,000,000 is to be repaid on the date following 18 months after the date of issuance. The fair value of the promissory notes were HK\$12,157,882 on initial recognition which was measured by computing the present value of estimated future cash flows at the effective interest rate of 10%. Further details are set out in the Company’s announcement dated 8 February 2017 and 31 March 2017.

In September 2017, the Company repaid HK\$6,000,000 of the promissory note and recorded a loss on early settlement of HK\$561,182.

During the year, imputed interest of HK\$955,777 (2017: Nil) was charged to the consolidated profit or loss.

# Promissory note (B)

On 12 October 2017,the Company issued a promissory note of HK\$20,000,000 to settle part of the consideration in acquisition of the convertible notes in a company listed on the Australian Stock Exchange Limited (note 29).

The amount is unsecured and interest free. The sum of HK\$20,000,000 is to be repaid on the date following 18 months after the date of issuance. The fair value of the promissory note was HK\$18,769,204 on initial recognition which was measured by computing the present value of estimated future cash flows at the effective interest rate of 6.3%.

On 30 November 2017, the promissory note was early settled. The Group recorded a loss of HK\$1,123,678 on early settlement of this promissory note.

During the year, imputed interest of HK\$107,118 (2017: nil) for this promissory note was charged to the consolidated profit or loss.

33. 應付承兌票據

承兌票據(A)

於2017年3月31日，本公司發行兩張金額各為7,000,000港元的承兌票據，以償付收購MRIL及FTIL全部股權的部分代價。

有關金額為無抵押及免息。為數14,000,000港元的款項須於發行日期後18個月內償還。於初步確認時，承兌票據的公允值為12,157,882港元，乃按實際利率10%計算估計未來現金流量的現值而計算得出。進一步詳情載於本公司日期為2017年2月8日及2017年3月31日的公佈。

於2017年9月，本公司償還承兌票據6,000,000港元，並錄得提早結算虧損561,182港元。

年內，推算利息955,777港元（2017年：無）已自綜合損益扣除。

承兌票據(B)

於 2017 年 10 月 12 日，本公司發行20,000,000港元的承兌票據，以償付收購澳洲證券交易所有限公司上市公司的可換股票據的部分代價（附註29）。

有關金額為無抵押及免息。為數20,000,000港元的款項須於發行日期後18個月內償還。於初步確認時，承兌票據的公允值為18,769,204港元，乃按實際利率6.3%計算估計未來現金流量的現值而計算得出。

於2017年11月30日，承兌票據已提早結算。本集團錄得提早結算本承兌票據的虧損1,123,678港元。

年內，本承兌票據的推算利息107,118港元（2017年：無）已自綜合損益扣除。