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Notes to the Consolidated Financial Statements

31st March 2016

14 PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

(a) Details of movements in property, plant and equipment of the Group are as follows: (Continued)

Furniture,
Land and Leasehold fixtures and Plant and Motor
buildings Moulds improvements equipment machinery vehicles Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
Year ended 31st March 2016
Opening net book amount 29,729 24,211 95,977 29,825 17,686 3,418 200,846
Additions – 9,908 8,326 23,898 26,595 1,406 70,133
Disposals (23,791) – – (948) (9,947) (130) (34,816)
Depreciation (403) (13,337) (7,614) (8,223) (4,336) (732) (34,645)
Exchange differences (80) – (2,899) (101) (101) (25) (3,206)

Closing net book amount 5,455 20,782 93,790 44,451 29,897 3,937 198,312
At 31st March 2016
Cost 8,492 272,234 113,412 182,038 111,584 11,430 699,190
Accumulated depreciation and
impairment (3,037) (251,452) (19,622) (137,587) (81,687) (7,493) (500,878)

Net book amount 5,455 20,782 93,790 44,451 29,897 3,937 198,312

(b) Depreciation expenses have been included in:

2016 2015
HK$’000 HK$’000

Cost of goods sold 31,612 30,152
Administrative expenses 3,033 3,217

34,645 33,369

(c) As at 31st March 2016 and 2015, no bank borrowing was secured on any building which was
classified under property, plant and equipment (Note 24).

68 ALCO HOLDINGS LIMITED ANNUAL REPORT 2016