Page 100 - HKCAAVQ AR 2018-19

Financial Report ৌਕజѓ

Notes to the Financial Statements (continued)
ৌਕజڌڝൗ€ᚃ

For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ

2. Application of New and 2. Ꮠ͜อࠈʿ຾ࡌࠈ࠰
Amendments to Hong Kong ಥৌਕజѓ๟ۆ€˜࠰
Financial Reporting Standards ಥৌਕజѓ๟ۆ™
(“HKFRSs”) (continued) €ᚃ

2.1 HKFRS 15 Revenue from Contracts 2.1 ࠰ಥৌਕజѓ๟ۆୋ
with Customers (continued) 15໮ԸІ܄˒Υߒʘ
ϗू€ᚃ

Summary of effects arising from initial application ࠯ϣᏐ͜࠰ಥৌਕజѓ๟ۆ
of HKFRS 15 (continued) ୋ15໮ٙᅂᚤ฿ࠅ€ᚃ

The following tables summarise the impacts of applying ɨڌމᏐ͜࠰ಥৌਕజѓ๟
HKFRS 15 on the Council’s statement of financial position ۆୋ15໮d࿁͉҅࿚Їɚཧ
as at 31 March 2019 and its statement of cash flows for ɓɘϋ̬˜ɧɤɓ˚ʘৌਕ
the current year for each of the line items affected. Line ًرڌd˸ʿ͉͉҅ϋܓତ
items that were not affected by the changes have not ږݴඎڌʕ΢աᅂᚤʘΐධ
been included. ฿ࠑfɨڌʔܼ̍͊աᜊਗ
ᅂᚤʘΐධf

Impact on the statement of financial position ࿁ৌਕًرڌʘᅂᚤ

Amounts
without
application
As reported Adjustments of HKFRS 15
͊Ꮠ͜
࠰ಥึࠇ๟ۆ
ΐజ ሜ዆ ୋ15໮ږᕘ
HK$ ಥ࿆ HK$ ಥ࿆ HK$ ಥ࿆

Current assets ݴਗ༟ପ
Contract assets Υߒ༟ପ 519,244 (519,244) –

Current liabilities ݴਗࠋව
Deferred revenue ჈ַϗɝ – 15,252,181 15,252,181
Contract liabilities Υߒࠋව 15,771,425 (15,771,425) –

100 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅