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Notes to the Consolidated Financial Statements
             31st March 2017


               Notes to the Consolidated Financial Statements


               31st March 2017


               1   GENERAL INFORMATION


                   Alco  Holdings  Limited  (the  “Company”)  is  a  limited  liability  company  incorporated  in  Bermuda.  The
                   address  of  its  registered  office  is  Clarendon  House,  2  Church  Street,  Hamilton  HM11,  Bermuda.  The
                   Company is listed on the Main Board of The Stock Exchange of Hong Kong Limited.

                   During the year ended 31st March 2017, the Company and its subsidiaries (together, the “Group”) are
                   engaged in designing, manufacturing and selling of consumer electronic products.


                   These  consolidated  financial  statements  are  presented  in  thousands  of  units  of  Hong  Kong  dollars
                   (“HK$’000”), unless otherwise stated. These consolidated financial statements have been approved for
                   issue by the Board of Directors on 28th June 2017.


               2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                   The principal accounting policies applied in the preparation of these consolidated financial statements
                   are  set  out  below.  These  policies  have  been  consistently  applied  to  all  the  years  presented,  unless
                   otherwise stated.

                   2.1  Basis of preparation


                        The  consolidated  financial  statements  of  the  Company  have  been  prepared  in  accordance  with
                        Hong  Kong  Financial  Reporting  Standards  (“HKFRS”)  issued  by  the  Hong  Kong  Institute  of
                        Certified  Public  Accountants  (“HKICPA”)  and  the  disclosure  requirements  of  Appendix  16  to  the
                        Rules  Governing  the  Listing  Securities  on  The  Stock  Exchange  of  Hong  Kong  Limited  and  the
                        Hong  Kong  Companies  Ordinance.  The  consolidated  financial  statements  have  been  prepared
                        under the historical cost convention, as modified by the revaluation of investment properties which
                        are carried at fair value.


                        The  preparation  of  consolidated  financial  statements  in  conformity  with  HKFRS  requires  the  use
                        of  certain  critical  accounting  estimates.  It  also  requires  management  to  exercise  its  judgement
                        in  the  process  of  applying  the  Group’s  accounting  policies.  The  areas  involving  a  higher  degree
                        of  judgement  or  complexity,  or  areas  where  assumptions  and  estimates  are  significant  to  the
                        consolidated financial statements, are disclosed in Note 4.























         50    ALCO HOLDINGS LIMITED  ANNUAL REPORT 2017
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