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Notes to the Consolidated Financial Statements

31st March 2018

29 BANKING FACILITIES

As at 31st March 2018, banking facilities of approximately HK$1,245 million (2017: HK$1,177 million)
were granted by banks to the Group, of which approximately HK$134 million (2017: HK$175 million)
have been utilised by the Group. All banking facilities were supported by corporate guarantees given by
the Company and as at 31st March 2018, bank borrowing of approximately HK$44 million is secured by
charges over the Group’s land and buildings with the carrying amounts of HK$120,290,000 (2017: Nil).

30 COMMITMENTS

(a) Capital commitments

2018 2017
HK$’000 HK$’000
Moulds, plant and machinery and renovation
contracted but not provided for 13,030 5,189

(b) Operating lease commitments (as lessee)

The future aggregate minimum lease payments under non-cancellable operating leases in respect
of land and buildings are as follows:

2018 2017
HK$’000 HK$’000
Not later than one year 36,062 33,713
Later than one year and not later than five years 143,075 128,998
Later than five years 233,274 232,852
412,411 395,563

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 115