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Notes to the Consolidated Financial Statements

31st March 2015

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

2.1 Basis of preparation (continued)

(i) New/revised standards, amendments to standards and interpretations that are effective
for the Group’s accounting period beginning on 1st April 2014:

HKFRS 10, HKFRS 12 Investment Entities
and HKAS 27 (2011)
(Amendments)
HKAS 32 (Amendment) Offsetting Financial Assets and Financial Liabilities
HKAS 36 (Amendment) Recoverable Amount Disclosures for Non-financial Assets
HKAS 39 (Amendment) Novation of Derivatives and Continuation of
Hedge Accounting
HKFRS 10, HKFRS 11 and Transitional Guidance
HKFRS 12 (Amendments)
HK(IFRIC) – Int 21 Levies

(ii) New/revised standards and amendments to existing standards that are mandatory for
the Group’s accounting periods beginning on or after 31st March 2015 and have not
been early adopted by the Group:

Effective for
annual periods
beginning
on or after
HKAS 16 and HKAS 38 Clarification of Acceptance Methods of 1st January 2016
(Amendments) Depreciation and Amortisation
HKAS 16 and HKAS 41 Agriculture for Bearer Plants 1st January 2016
(Amendments)
HKAS 19 (Amendment) Defined Benefit Plans: 1st July 2014
Employee Contributions
HKAS 27 (Amendment) Equity Method in Separate Financial 1st January 2016
Statements

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 35