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Notes to the Consolidated Financial Statements

31st March 2017

24 BORROWINGS (CONTINUED)

The maturity of bank borrowings is as follows:

2017 2016
HK$’000 HK$’000
Within one year 116,400 9,700
In the second year 58,200 116,400
In the third to fifth year – 106,700

174,600 232,800

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

As at 31st March 2017 and 2016, the borrowings were denominated in USD and interest-bearing at a
margin over London Inter-bank Offered Rate.

25 SHARE CAPITAL

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

2017 2016
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 579,367,720 57,937 579,367,720 57,937

ALCO HOLDINGS LIMITED ANNUAL REPORT 2017 97