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v3.26.1

TRADE RECEIVABLES | 12 Months Ended
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Mar. 31, 2026
Notes and other explanatory information [abstract] |
TRADE RECEIVABLES |
| 16. | TRADE RECEIVABLES
Schedule of trade receivables |  |  |  |  |  |  |  |
|  | As of March 31, |
|  | 2025 HK$’000 |  |  | 2026 HK$’000 |
Trade receivables arising from: |  |  |  |  |  |  |  |
- Security related service and asset management income – related parties |  |  | 4,100 |  |  |  | 13,015 |
- Security related service and asset management income – third parties |  |  | 5,219 |  |  |  | 8,425 |
- Trading of timepieces – third parties |  |  | 29,569 |  |  |  | 76,820 |
TRADE RECEIVABLES GROSS |  |  | 38,888 |  |  |  | 98,260 |
Less: impairment allowance |  |  | (24,184 | ) |  |  | (33,660 | )
Total trade receivables |  |  | 14,704 |  |  |  | 64,600 |
The following is an aged analysis of trade receivables presented based on the due dates.
Schedule of trade receivables based on due dates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of March 31, 2026 |  | Security related service and asset management income – related parties |  |  | Security related service and asset management income – third parties |  |  | Trading of timepieces – third parties |  |  | Total |
|  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |
Current |  |  | 693 |  |  |  | 1,314 |  |  |  | 23,155 |  |  |  | 25,162 |
1 – 3 months |  |  | 2,292 |  |  |  | 1,350 |  |  |  | - |  |  |  | 3,642 |
4 – 6 months |  |  | 3,177 |  |  |  | 1,350 |  |  |  | 16,350 |  |  |  | 20,877 |
7 – 9 months |  |  | 3,091 |  |  |  | 1,350 |  |  |  | 7,746 |  |  |  | 12,187 |
10 – 12 months |  |  | 3,762 |  |  |  | 3,061 |  |  |  | 29,569 |  |  |  | 36,392 |
Current trade receivables |  |  | 13,015 |  |  |  | 8,425 |  |  |  | 76,820 |  |  |  | 98,260 |
Less: impairment allowance |  |  | (4,805 | ) |  |  | (2,996 | ) |  |  | (25,859 | ) |  |  | (33,660 | )
Total |  |  | 8,210 |  |  |  | 5,429 |  |  |  | 50,961 |  |  |  | 64,600 |
As of March 31, 2025 |  | Security related service and asset management income – related parties |  |  | Security related service and asset management income – third parties |  |  | Trading of timepieces – third parties |  |  | Total |
|  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |
Current |  |  | 4,088 |  |  |  | 2,950 |  |  |  | 5,111 |  |  |  | 12,149 |
1 – 3 months |  |  | 3 |  |  |  | 1,206 |  |  |  | 24,340 |  |  |  | 25,549 |
4 – 6 months |  |  | 3 |  |  |  | 868 |  |  |  | - |  |  |  | 871 |
7 – 9 months |  |  | 3 |  |  |  | 180 |  |  |  | 118 |  |  |  | 301 |
10 – 12 months |  |  | 3 |  |  |  | 15 |  |  |  | - |  |  |  | 18 |
Current trade receivables |  |  | 4,100 |  |  |  | 5,219 |  |  |  | 29,569 |  |  |  | 38,888 |
Less: impairment allowance |  |  | (12 | ) |  |  | (2,148 | ) |  |  | (22,024 | ) |  |  | (24,184 | )
Total |  |  | 4,088 |  |  |  | 3,071 |  |  |  | 7,545 |  |  |  | 14,704 |
All the trade receivables, net of loss allowance, are expected to be recovered within one year. For trade receivables arising from contracts with customers, the Group generally allows a credit period of 30 days to its customers. As of March 31, 2025 and 2026, included in the Group’s trade receivables balance are debtors with aggregate carrying amount of HK$26,739,000 and HK$73,098,000 which are past due as of the reporting date, respectively. Details of the impairment assessment of trade receivables and write-off of the loss allowance for trade receivables are set out in Note 28b.

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