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Notes to the Consolidated Financial Statements

31st March 2016

24 BORROWINGS (CONTINUED)

The maturity of bank borrowings is as follows:

2016 2015
HK$’000 HK$’000
Within one year 9,700 50,000
In the second year 116,400 –
In the third to fifth year 106,700 –
232,800 50,000

The carrying amounts of the bank borrowings approximate to their fair values.

As at 31st March 2016, the borrowings were denominated in USD (2015: HKD) and interest-bearing at a
margin over London Inter-bank Offered Rate (2015: Hong Kong Inter-bank Offered Rate).

25 SHARE CAPITAL

The movement of the Company’s authorised and issued share capital during the year is as follows:

2016 2015
Number of Number of
shares HK$’000 shares HK$’000

Authorised:
Ordinary shares of HK$0.10 each 800,000,000 80,000 800,000,000 80,000

Issued and fully paid:
Ordinary shares of HK$0.10 each

At the beginning of the year 579,367,720 57,937 580,093,720 58,009
Repurchase of the Company’s own shares – – (726,000) (72)

At the end of the year 579,367,720 57,937 579,367,720 57,937

78 ALCO HOLDINGS LIMITED ANNUAL REPORT 2016