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Notes to the Consolidated Financial Statements

31st March 2018

21 TRADE RECEIVABLES, PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES
(CONTINUED)

The carrying amounts of the trade receivables are denominated in the following currencies:

2018 2017
HK$’000 HK$’000

USD 805,154 666,445
Canadian dollar 13,470 27,115
NTD 2,044 –
GBP 1,237 368
Euro (“EUR”) 897 1,470
Others 922 1,824
823,724 697,222

The maximum exposure to credit risk at the reporting date is the carrying amount of each class of
receivable mentioned above.

22 CASH AND CASH EQUIVALENTS

2018 2017
HK$’000 HK$’000

Cash at bank and on hand 158,746 196,481
Short-term bank deposits 120,774 590,720

279,520 787,201

Maximum exposure to credit risk 277,479 786,397

As at 31st March 2018, the Group’s cash and cash equivalents of approximately HK$20,045,000 (2017:
HK$20,109,000) denominated in Renminbi (“RMB”) were deposited with banks in Mainland China. The
conversion of these RMB denominated balances into foreign currencies and the remittance of funds out
of Mainland China is subject to the rules and regulations of foreign exchange control promulgated by the
Mainland China Government.

106 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018