Page 106 - HKCAAVQ AR 2018-19
P. 106
Financial Report ৌਕజѓ
Notes to the Financial Statements (continued)
ৌਕజڌڝൗᚃ
For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ
2. Application of New and 2. Ꮠ͜อࠈʿࡌࠈ࠰
Amendments to Hong Kong ಥৌਕజѓۆ࠰
Financial Reporting Standards ಥৌਕజѓۆ
(“HKFRSs”) (continued) ᚃ
2.2 HKFRS 9 Financial Instruments 2.2 ࠰ಥৌਕజѓۆ
(“HKFRS 9”) (continued) ୋ9ږፄʈՈ࠰
ಥৌਕజѓۆୋ9
ᚃ
Summary of effects arising from initial application Ꮠ͜࠰ಥৌਕజѓۆୋ9
of HKFRS 9 (continued) ପ͛ٙᅂᚤ฿ࠅᚃ
Impairment under ECL model ཫಂڦ൲ฦ̰ᅼόɨٙಯ࠽
The Council applies the HKFRS 9 simplified approach to ͉҅મ͜࠰ಥৌਕజѓۆ
measure ECL which uses a lifetime ECL for all accounts ୋ9ᔊʷ˙جࠇඎཫಂڦ
receivable. Except for those which had been determined ൲ฦ̰d༈˙جԴ͜Ꮠϗሪ
as credit impaired under HKAS 39, accounts receivable ಛٙࡈπᚃಂʫཫಂڦ൲
have been assessed individually with outstanding ฦ̰fৰ࣬ኽ࠰ಥึࠇۆ
significant balances, the remaining balances are grouped ୋ39ᆽႩʊ೯͛ڦ൲ಯ࠽
based on internal credit rating. ٙධ̮ͦdᏐϗሪಛٙཫಂ
ڦ൲ฦ̰ʊ࣬ኽ͊Ꮅ˹ʘࠠ
ɽቱᕘЪࡈй൙Пd௵ቱቱ
ᕘ࣬ኽʫڦ൲൙ॴආБʱ
ଡ଼f
Except for those which had been determined as credit ৰ࣬ኽ࠰ಥึࠇۆୋ39
impaired under HKAS 39, ECL for other financial assets at ᆽႩʊ೯͛ڦ൲ಯ࠽ٙධͦ
amortised cost, are assessed on 12m ECL basis as there ̮d͟ІڋᆽႩ˸Ըڦ
had been no significant increase in credit risk since initial ൲ࠬᎈԨ͊ᜑഹᄣ̋dՉ˼
recognition. ܲᛅቖϓ͉ࠇඎٙږፄ༟ପ
ٙཫಂڦ൲ฦ̰ܲ12ࡈ˜ʫ
ཫಂڦ൲ฦ̰Ъ൙Пf
The application of HKFRS 9 on 1 April 2018 has no ɚཧɓɞϋ̬˜ɓ˚Ꮠ͜
material impact on the financial statements of the Council ࠰ಥৌਕజѓۆୋ9࿁
with regards to classification and measurement of financial ͉҅ϞᗫږፄʈՈʱᗳձࠇ
instruments nor recognised additional impairment loss ඎٙৌਕజڌӚϞࠠɽᅂ
allowance as the amounts involved are not material. ᚤdɰӚϞᆽႩᕘ̮ٙಯ࠽
ฦ̰ᅡ௪dΪމהऒʿٙږ
ᕘԨʔࠠɽf
106 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅
