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Notes to the Consolidated Financial Statements

31st March 2016

21 TRADE AND OTHER RECEIVABLES (CONTINUED)

The credit quality of trade receivables that are neither past due nor impaired can be assessed by
reference to historical information about counterparty default rates.

2016 2015
HK$’000 HK$’000

Counterparties without external credit rating
– Customers (more than 6 months) with no defaults
in the past 662,059 533,406

The carrying amounts of the trade receivables are denominated in the following currencies:

2016 2015
HK$’000 HK$’000
USD 638,392 531,979
Canadian dollar 21,607 990
Great British Pound 111 –
EURO 1,566 428
HKD 383 9

662,059 533,406

As at 31st March 2016 and 2015, there was no provision for impairment of trade receivables.

The maximum exposure to credit risk at the reporting date is the carrying amount of each class of
receivable mentioned above.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2016 75