Page 89 -

Notes to the Consolidated Financial Statements

31st March 2017

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 2017
Opening net book amount 5,455 20,782 93,790 44,451 29,897 3,937 198,312
Additions – 16,806 6,140 21,069 2,024 2,277 48,316
Disposals – – – (697) (473) (520) (1,690)
Depreciation (220) (12,441) (7,882) (10,883) (4,849) (1,051) (37,326)
Exchange differences (106) – (4,143) (364) (148) (53) (4,814)

Closing net book amount 5,129 25,147 87,905 53,576 26,451 4,590 202,798
At 31st March 2017
Cost 8,342 289,040 114,468 196,592 101,575 11,075 721,092
Accumulated depreciation and
impairment (3,213) (263,893) (26,563) (143,016) (75,124) (6,485) (518,294)

Net book amount 5,129 25,147 87,905 53,576 26,451 4,590 202,798

(b) Depreciation expenses have been included in:

2017 2016
HK$’000 HK$’000

Cost of goods sold 33,966 31,612
Administrative expenses 3,360 3,033

37,326 34,645

(c) As at 31st March 2017 and 2016, no bank borrowing was secured on any building which was
classified under property, plant and equipment (Note 24).

ALCO HOLDINGS LIMITED ANNUAL REPORT 2017 87