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Notes to the Consolidated Financial Statements
31st March 2018

Notes to the Consolidated Financial Statements

31st March 2018

16 LEASEHOLD LAND AND LAND USE RIGHTS

2018 2017
HK$’000 HK$’000
Beginning of the year 6,001 6,423
Amortisation (283) (281)
Exchange differences 208 (141)

End of the year 5,926 6,001

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 2016
Cost 78,000 – 78,000
Accumulated amortisation (64,350) – (64,350)

Net book amount 13,650 – 13,650
For the year ended 31st March 2017
At 1st April 2016 13,650 – 13,650
Additions – 4,926 4,926
Amortisation (7,800) – (7,800)
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
For the year ended 31st March 2018
At 1st April 2017 5,850 4,926 10,776
Additions – 35,840 35,840
Amortisation (5,850) (4,049) (9,899)
Exchange differences – (65) (65)
Net book amount – 36,652 36,652
At 31st March 2018
Cost 78,000 40,766 118,766
Accumulated amortisation (78,000) (4,114) (82,114)
Net book amount – 36,652 36,652

Amortisation expenses of license right and deferred development costs have been included in cost of
goods sold.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 101