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Notes to the Consolidated Financial Statements
31st March 2015
16 LEASEHOLD LAND AND LAND USE RIGHTS
Group
2015 2014
HK$’000 HK$’000
Beginning of the year 7,150 7,394
Amortisation (292) (292)
Exchange differences (43) 48
End of the year 6,815 7,150
Amortisation expenses of leasehold land and land use right have been included in administrative
expenses.
The Group’s interests in leasehold land and land use rights represent prepaid operating lease payments
and their net book values are analysed as follows:
Group
2015 2014
HK$’000 HK$’000
Outside Hong Kong, held on:
Leases of between 10 and 50 years 6,815 7,150
As at 31st March 2015 and 2014, no bank borrowing was secured by leasehold land and land use
rights (Note 26).
ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 75
