87
Financial Report
財務報告
87
Notes to the Financial Statements (continued)
財務報表附註（續）
For the year ended 31 March 2016
截至二零一六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
濟利益預期將自第三者收回，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。