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Notes to the Consolidated Financial Statements
31st March 2015
26 BORROWINGS
Group
2015 2014
HK$’000 HK$’000
Non-current
Bank borrowings, unsecured (Note) – 50,000
Current
Bank borrowings, unsecured (Note) 50,000 80,000
Total borrowings 50,000 130,000
Note:
The bank borrowings are unsecured and supported by corporate guarantees given by the Company (Notes 32 and 33). As at 31st March
2015 and 2014, the borrowings were denominated in HKD and interest bearing at a margin over Hong Kong Inter-bank Offer Rate.
The maturity of bank borrowings is as follows:
Group
2015 2014
HK$’000 HK$’000
Within one year 50,000 80,000
In the second year – 50,000
50,000 130,000
The carrying amounts of the bank borrowings approximate to their fair values.
As at 31st March 2015 and 2014, the carrying amounts of borrowings were denominated in HKD.
84 ALCO HOLDINGS LIMITED ANNUAL REPORT 2015
