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Notes to the Consolidated Financial Statements
31st March 2016
Notes to the Consolidated Financial Statements
31st March 2016
16 LEASEHOLD LAND AND LAND USE RIGHTS
2016 2015
HK$’000 HK$’000
Beginning of the year 6,815 7,150
Amortisation (289) (292)
Exchange differences (103) (43)
End of the year 6,423 6,815
Amortisation expenses of leasehold land and land use rights have been included in administrative
expenses.
17 INTANGIBLE ASSETS
Licence right
HK$’000
At 1st April 2014
Cost 78,000
Accumulated amortisation (48,750)
Net book amount 29,250
Year ended 31st March 2015
Opening net book amount 29,250
Amortisation (7,800)
Closing net book amount 21,450
At 31st March 2015
Cost 78,000
Accumulated amortisation (56,550)
Net book amount 21,450
Year ended 31st March 2016
Opening net book amount 21,450
Amortisation (7,800)
Closing net book amount 13,650
At 31st March 2016
Cost 78,000
Accumulated amortisation (64,350)
Net book amount 13,650
Amortisation expenses of licence right has been included in cost of goods sold.
ALCO HOLDINGS LIMITED ANNUAL REPORT 2016 71
