83
Financial Report
財務報告
Notes to the financial statements (continued)
財務報表附註（續）
for the year ended 31 March 2015
截至二零一五年三月三十一日止年度
3. SIGNIFICANT ACCOUNTING
POLICIES (continued)
Provisions
Provisions are recognised when the Council has a present
obligation (legal or constructive) as a result of a past event,
it is probable that the Council will be required to settle the
obligation, and a reliable estimate can be made of the amount
of the obligation.
The amount recognised as a provision is the best estimate of
the consideration required to settle the present obligation at
the end of the reporting period, taking into account the risks
and uncertainties surrounding the obligation. When a provision
is measured using the cash flows estimated to settle the
present obligation, its carrying amount is the present value of
those cash flows (when the effect of the time value of money
is material).
When some or all of the economic benefits required to settle
a provision are expected to be recovered from a third party,
a receivable is recognised as an asset if it is virtually certain
that reimbursement will be received and the amount of the
receivable can be measured reliably.
Financial instruments
Financial assets and financial liabilities are recognised when
the Council becomes a party to the contractual provisions of
the instruments.
Financial assets and financial liabilities are initially measured
at fair value. Transaction costs that are directly attributable
to the acquisition or issue of financial assets and financial
liabilities are added to or deducted from the fair value of the
financial assets or financial liabilities, as appropriate, on initial
recognition.
3.
主要會計政策（續）
撥備
倘本局因過往事件而承擔現有
責任（法定或推定），而本局可
能須履行該項責任，且有關責任
涉及的金額能可靠估計時則會
確認撥備。
確認為撥備的金額（包括重組產
生的撥備）為於報告期末時履行
現時責任所需代價的最佳估計，
當中已考慮與責任有關的風險
及不確定因素。倘撥備以估計履
行現時責任的現金流量計量時，
其賬面值為該等現金流量的現
值（倘金錢時間價值的影響屬重
大時）。
倘結清撥備所需之部分或全部
經濟利益預期將自協力廠商收
回，則應收款項於接近肯定可收
回款項且能可靠計量應收款項
金額時確認為資產。
金融工具
金融資產及金融負債乃於本局
成為工具合約條文的訂約方時
確認。
金融資產及金融負債初步按公
允值計量。收購或發行金融資產
及金融負債直接應佔的交易成
本乃於初步確認時加入金融資
產或金融負債的公允值或自金
融資產或金融負債的公允值扣除。
