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Notes to the Consolidated Financial Statements

31st March 2015

18 LOANS AND RECEIVABLES

Group
2015 2014
HK$’000 HK$’000

Government bonds (Note) – 1,562

Carrying amount as at the beginning of the year 1,562 102,379
Redemption (1,537) (21,302)
Disposal – (85,701)
Exchange (loss)/gain (25) 6,186
Carrying amount as at the end of the year – 1,562

Note:

The government bonds are issued by the Ministry of Finance PRC and are denominated in RMB.

The carrying amount of the loans and receivables approximates to their fair value.

The maximum exposure to credit risk at the reporting date is the carrying amount of the loans and
receivables.

19 AVAILABLE-FOR-SALE FINANCIAL ASSETS

Group
2015 2014
HK$’000 HK$’000
Fair value of unlisted equity securities outside Hong Kong
as at the beginning of the year – 36,953
Disposal – (36,953)

Fair value of unlisted equity securities outside Hong Kong
as at the end of the year – –

The available-for-sale financial assets as at 1st April 2013 represented the Group’s long term investment
in shares of Hydis Technologies Company Limited (“Hydis”), a Korean incorporated company.

On 31st December 2013, the Group completed the disposal of its equity interest in Hydis to an
independent third party, Dream Pacific International Corp, a subsidiary of E Ink Holdings Inc. (“E Ink”),
at a consideration of US$2,800,000 (equivalent to HK$21,728,000) and a loss on disposal of
HK$15,225,000 was recognised in continuing operation in the consolidated income statement during
the year ended 31st March 2014.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 77