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9. Fair value gain
On 1 June 2018, the Group transferred an owner-occupied property located in the
PRC to an investment property and rented it out. The carrying amount and the fair
value of the property were HK$10,345,000 and HK$75,768,000 on the date of transfer,
respectively. The excess of the fair value over the carrying amount was HK$65,423,000
and was recorded in other comprehensive income (or revaluation reserve in the
consolidated balance sheet) as fair value gain for the six months ended 30 September
2018.

10. Trade receivables, prepayments, deposits and other receivables
30 September 31 March
2019 2019
HK$’000 HK$’000

Non-current
Prepayments, deposits and other receivables 8,727 11,560

Current
Trade receivables 586,144 512,054
Less: Loss allowance (1,480) (1,300)

Trade receivables, net 584,664 510,754
Prepayments, deposits and other receivables 24,088 20,550

608,752 531,304

Total 617,479 542,864

The credit terms given to customers vary and are generally based on the financial
strengths of individual customers. In order to effectively manage the credit risks
associated with trade receivables, credit evaluations of customers are performed
periodically.

The fair value of the trade and other receivables approximate to their carrying amounts.

16 ALCO HOLDINGS LIMITED Interim Report 2019