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NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30th September 2015

1. Basis of preparation and accounting policies
These unaudited condensed consolidated financial statements have been prepared
in accordance with Hong Kong Accounting Standard (“HKAS”) 34 “Interim Financial
Reporting” issued by the Hong Kong Institute of Certified Public Accountants
(“HKICPA”) and the disclosure requirements of Appendix 16 to the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”).

These condensed consolidated financial statements should be read in conjunction with
the annual financial statements for the year ended 31st March 2015.

The accounting policies and methods of computation used in the preparation of these
condensed consolidated financial statements are consistent with those used in the
annual financial statements for the year ended 31st March 2015, except the Group has
adopted certain HKASs and Hong Kong Financial Reporting Standards (“HKFRS”) which
are mandatory for the financial year beginning 1st April 2015.

2. Changes in accounting policies
The following amendments to standards are relevant to the Group and are mandatory
for the financial year beginning 1st April 2015.
HKAS 19 (Amendment) Employee Benefits: Defined Benefit Plans –
Employee Contribution
HKFRS (Amendment) Annual Improvements 2010-2012 Cycle
HKFRS (Amendment) Annual Improvements 2011-2013 Cycle

The adoption of the above amendments to standards did not have significant impact
to the Group’s financial statements and has not led to any changes in the Group’s
accounting policies.

6 ALCO HOLDINGS LIMITED Interim Report 2015