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Notes to the Consolidated Financial Statements

31st March 2015

22 INVENTORIES

Group
2015 2014
HK$’000 HK$’000

Raw materials 169,850 187,784
Work in progress 18,470 5,868
Finished goods 215,220 159,787

403,540 353,439

The cost of inventories recognised as expenses and included in cost of goods sold amounted to
HK$1,924,405,000 (2014: HK$1,717,570,000).

23 TRADE AND OTHER RECEIVABLES

Group Company
2015 2014 2015 2014
HK$’000 HK$’000 HK$’000 HK$’000

Non-current
Deposits and other receivables (Note) 60,692 58,414 – –

Current
Trade receivables 533,406 590,215 – –
Prepayment, deposits and
other receivables (Note) 27,582 42,609 105 105

560,988 632,824 105 105

621,680 691,238 105 105

Note:

As at 31st March 2015, other receivables included HK$58,414,000 (2014: HK$73,755,000) consideration receivable from PVI Global
Corporation for the disposal of the corporate bond of Hydis. A guarantee was granted by E Ink to cover the entire receivable amount.

During the year, the Group entered into loan agreements with a company incorporated in Denmark
under which loans amounted to HK$5,587,000 were granted by the Group to the company for the
purposes of promoting the bicycle business in Europe. The loans are interest bearing and will be
repayable within one year from the grant date. Such loans were fully provided taking into account the
measurable decrease in estimated future cash flows.

80 ALCO HOLDINGS LIMITED ANNUAL REPORT 2015