8. RETENTION RECEIVABLES, NET Retention receivables, net consists of the following: | | | As of March 31, | | | | | 2025 | | | 2026 | | | 2026 | | | | | HK$ | | | HK$ | | | US$ | | | Beginning balance | | | 597,580 | | | | 582,575 | | | | 74,308 | | | Received during the year | | | — | | | | (465,172 | ) | | | (59,333 | ) | | Reversal (allowance) for expected credit losses | | | (15,005 | ) | | | 11,680 | | | | 1,490 | | | Balance at end of year | | | 582,575 | | | | 129,083 | | | | 16,465 | | Allowance for expected credit losses consists of the following: | | | As of March 31, | | | | | 2025 | | | 2026 | | | 2026 | | | | | HK$ | | | HK$ | | | US$ | | | Beginning balance | | | 8,565 | | | | 15,005 | | | | 1,914 | | | (Reversal) addition | | | 6,440 | | | | (11,680 | ) | | | (1,490 | ) | | Ending balance | | | 15,005 | | | | 3,325 | | | | 424 | |
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