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Notes to the Consolidated Financial Statements
31st March 2018
23 TRADE AND OTHER PAYABLES (CONTINUED)
The carrying amounts of trade payables are denominated in the following currencies:
2018 2017
HK$’000 HK$’000
HKD 83,632 154,665
USD 63,021 95,229
EUR 1,557 421
RMB 1,202 92
GBP 464 –
149,876 250,407
24 BORROWINGS
2018 2017
HK$’000 HK$’000
Non-current
Bank borrowing, secured (Note i) 42,103 –
Bank borrowings, unsecured (Note ii) – 58,200
42,103 58,200
Current
Bank borrowing, secured (Note i) 1,810 –
Bank borrowings, unsecured (Note ii) 89,805 116,400
91,615 116,400
Total borrowings 133,718 174,600
Notes:
i) As at 31st March 2018, the bank borrowing is secured by the Group’s land and buildings with the carrying amounts of
HK$120,290,000 (Note 14).
ii) The bank borrowings are unsecured and supported by corporate guarantees given by the Company (Note 29).
108 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018
