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Corporate Governance Report

DIRECTORS’ AND AUDITOR’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The directors acknowledge their responsibility for the preparation of the financial statements of the Group.
In preparing the financial statements, the Hong Kong Financial Reporting Standards have been adopted,
appropriate accounting policies have been used and applied consistently, and reasonable and prudent
judgements and estimates have been made. The Board is not aware of any material uncertainties relating
to events or conditions which may cast significant doubt over the Group’s ability to continue as a going
concern. Accordingly, the Board has continued to adopt the going concern basis in preparing the financial
statements.

The auditor’s responsibilities are set out in the Independent Auditor’s Report.

AUDITOR’S REMUNERATION

For the year ended 31st March 2015, the remuneration paid to the Company’s auditor,
PricewaterhouseCoopers, is set out as follows:

Services rendered Fees paid/payable
HK$’000
Audit-related services 2,090
Non audit-related services
Tax compliance services 193

DIRECTOR’S TRAINING

During the year under review, all directors have participated in professional training relevant to business
developments and regulatory updates. All directors have provided the Company with their records of training
which they received during the financial year.

INTERNAL CONTROL

The Board is responsible for the internal control system of the Group. The Board requires management
to establish and maintain sound and effective internal controls, which cover all material controls, including
financial, operational and compliance and risk management functions. The Board and the audit committee
are of the view that the resources, qualifications and experience of staff of the Group’s internal audit and
accounting functions are adequate.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 13