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Notes to the Consolidated Financial Statements

31st March 2018

24 BORROWINGS (CONTINUED)

The maturity of bank borrowings is as follows:

2018 2017
HK$’000 HK$’000
Within one year 91,615 116,400
In the second year 1,850 58,200
In the third to fifth year 5,796 –
Over five years 34,457 –
133,718 174,600

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

As at 31st March 2018 the borrowings were denominated in HKD or USD (2017: USD) and interest-
bearing at a margin over Hong Kong Inter-bank Offered Rate or London Inter-bank Offered Rate (2017:
London Inter-bank Offered Rate).

25 SHARE CAPITAL

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

2018 2017
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

At the beginning of the year 579,367,720 57,937 579,367,720 57,937
Repurchase of the Company’s
own shares (772,000) (77) – –

At the end of the year 578,595,720 57,860 579,367,720 57,937

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 109