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Notes to the Consolidated Financial Statements

31st March 2018

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 2018
Opening net book amount 5,129 25,147 87,905 53,576 26,451 4,590 202,798
Additions 120,632 18,043 3,460 16,537 19,621 1,984 180,277
Disposals – – (45) (421) (1,065) (438) (1,969)
Depreciation (562) (13,721) (8,395) (10,631) (4,437) (1,111) (38,857)
Exchange differences 161 – 6,354 862 301 80 7,758

Closing net book amount 125,360 29,469 89,279 59,923 40,871 5,105 350,007
At 31st March 2018
Cost 129,211 300,616 126,074 175,041 79,407 10,141 820,490
Accumulated depreciation and
impairment (3,851) (271,147) (36,795) (115,118) (38,536) (5,036) (470,483)

Net book amount 125,360 29,469 89,279 59,923 40,871 5,105 350,007

(b) Depreciation expenses have been included in:

2018 2017
HK$’000 HK$’000

Cost of goods sold 35,167 33,966
Administrative expenses 3,690 3,360

38,857 37,326

(c) As at 31st March 2018, certain of the Group’s bank borrowing is secured by land and buildings
with carrying value of HK$120,290,000 (Note 24). No bank borrowing was secured on any building
which was classified under property, plant and equipment as at 31st March 2017.

98 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018