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12. Borrowings (continued)
The maturity of borrowings is as follows:

30 September 31 March
2019 2019
HK$’000 HK$’000
Within one year 301,200 143,397
In the second year 8,392 1,758
In the third to fifth year 23,187 5,607
Over five years 25,887 33,151
358,666 183,913

The carrying amounts of the borrowings approximated to their fair values.

13. Share capital
Company
Ordinary Shares
Number of
shares HK$’000

Authorised:
Ordinary shares of HK$0.10 each
At 1 April 2018, 31 March 2019 and
30 September 2019 800,000,000 80,000

Issued and fully paid:
Ordinary shares of HK$0.10 each

At 1 April 2018 578,595,720 57,860
Issuance of rights shares 144,648,930 14,464

At 31 March 2019 and 30 September 2019 723,244,650 72,324

14. Contingent liabilities
The Company provided corporate guarantees in favour of the banks to secure general
banking facilities granted to certain of its subsidiaries (Note 12).

Interim Report 2019 ALCO HOLDINGS LIMITED 19