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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)

(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: (continued)

Effective for
annual periods
beginning
on or after

HKFRS 9 Financial Instruments 1st January 2018
HKFRS 10 and HKAS 28 Sale or Contribution of Assets between 1st January 2016
(Amendment) an Investor and its Associate or Joint
Venture
HKFRS 11 (Amendment) Accounting for Acquisitions of 1st January 2016
Interests in Joint Operations
HKFRS 14 Regulatory Deferred Accounts 1st January 2016
HKFRS 15 Revenue from Contracts with Customers 1st January 2017
Amendments to HKFRSs Annual Improvements 2010-2012 Cycle 1st July 2014
Amendments to HKFRSs Annual Improvements 2011-2013 Cycle 1st July 2014
Amendments to HKFRSs Annual Improvements 2012-2014 Cycle 1st January 2016

The Group has already commenced an assessment of the impact of the above new/revised
standards and amendments to existing standards but is not yet in a position to state whether
these new/revised standards and amendments to existing standards would have a significant
impact to its results of operations and financial position.

There are no other HKFRSs or interpretations that are not yet effective and are expected to
have a material impact on the Group.

36 ALCO HOLDINGS LIMITED ANNUAL REPORT 2015