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Notes to the Consolidated Financial Statements
31st March 2017

Notes to the Consolidated Financial Statements

31st March 2017

16 LEASEHOLD LAND AND LAND USE RIGHTS

2017 2016
HK$’000 HK$’000

Beginning of the year 6,423 6,815
Amortisation (281) (289)
Exchange differences (141) (103)

End of the year 6,001 6,423

Amortisation expenses of leasehold land and land use rights have been included in administrative
expenses.

17 INTANGIBLE ASSETS

Deferred
development
Licence right costs Total
HK$’000 HK$’000 HK$’000

At 1st April 2015
Cost 78,000 – 78,000
Accumulated amortisation (56,550) – (56,550)

Net book amount 21,450 – 21,450
Year ended 31st March 2016
Opening net book amount 21,450 – 21,450
Amortisation (7,800) – (7,800)
Closing net book amount 13,650 – 13,650

At 31st March 2016
Cost 78,000 – 78,000
Accumulated amortisation (64,350) – (64,350)
Net book amount 13,650 – 13,650

Year ended 31st March 2017
Opening net book amount 13,650 – 13,650
Addition – 4,926 4,926
Amortisation (7,800) – (7,800)
Closing net book amount 5,850 4,926 10,776

At 31st March 2017
Cost 78,000 4,926 82,926
Accumulated amortisation (72,150) – (72,150)

Net book amount 5,850 4,926 10,776

Amortisation expenses of licence right has been included in cost of goods sold.

90 ALCO HOLDINGS LIMITED ANNUAL REPORT 2017