Annual Report 2011 - QuamIR

Notes to the Consolidated Financial StatementsFor the year ended 31 March 201122. Trade and Other Receivables (continued)The aging analysis of trade receivables that are not considered to be impaired is as follows:Group2011 2010HK$’000HK$’000Neither past due nor impaired 1 777Past due but not impaired1 – 60 days – 25161 – 90 days – –91 – 120 days – 1141 1,142Included in the balance of prepayments, deposits and other receivables of the Group at 31 March 2010was a deposit of approximately HK$4,136,000 in relation to the acquisition of the entire equity interestof Favour South Limited, further details of which are disclosed in note 37(a).23. Amount Due from a Non-controlling Interest of a SubsidiaryThe balance at 31 March 2011 represented an amount due from the non-controlling interest of HeilongjiangZhongyi Weiye, a 92% (2010: 65%) owned subsidiary of the Company, of approximately HK$1,000 (2010:HK$22,000). The amount due is unsecured, interest-free and repayable on demand.24. Bank Balances and CashBank balances and cash comprise cash held by the Group and bank balances that earns interest atfloating rate based on daily bank deposit rates. The bank balances are deposited with creditworthybanks with no recent history of default.At 31 March 2011, the Group had bank balances of approximately HK$130,094,000 (2010: HK$213,829,000)which were denominated in Renminbi. The remittance of these funds out of the PRC is subject to theexchange control restrictions imposed by the PRC government.Sino Prosper State Gold Resources Holdings Limited94