Page 109 - HKCAAVQ AR 2018-19
P. 109
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
HKFRS 16 Leases ࠰ಥৌਕజѓۆୋ16
ॡ༣
HKFRS 16 introduces a comprehensive model for the ࠰ಥৌਕజѓۆୋ16ˏɝɓ
identification of lease arrangements and accounting treatments ࡈΝࣛމ̈ॡɛʿוॡɛᗆйॡ
for both lessors and lessees. HKFRS 16 will supersede HKAS ༣τરʿึࠇஈଣʘΌࠦᅼόf
17 Leases and the related interpretations when it becomes ࠰ಥৌਕజѓۆୋ16ਗ਼Չ
effective. ͛ࣖࣛ՟˾࠰ಥึࠇۆୋ17
ॡ༣ ʿᗫ༕ᙑf
HKFRS 16 distinguishes lease and service contracts on ࠰ಥৌਕజѓۆୋ16࣬ኽה
the basis of whether an identified asset is controlled by a ᗆй༟ପ݊щ͟܄˒છՓ˸ਜʱ
customer. In addition, HKFRS 16 requires sales and leaseback ॡ༣ʿਕΥߒfϤ̮d࠰ಥৌਕ
transactions to be determined based on the requirements of జѓۆୋ16ࠅӋ࣬ኽ࠰ಥৌ
HKFRS 15 as to whether the transfer of the relevant asset ਕజѓۆୋ15ٙࠅӋᆽ֛ቖ
should be accounted as a sale. HKFRS 16 also includes ਯձΫॡʹʕᗫ༟ପٙᔷ
requirements relating to subleases and lease modifications. Ꮠщൖމɓධቖਯf࠰ಥৌਕజѓ
ۆୋ16ᒔˏɝəᔷॡձॡ༣
ࡌҷٙᗫࠅӋf
Distinctions of operating leases and finance leases are removed וॡɛٙึࠇஈଣʊмৰᐄॡ
for lessee accounting, and is replaced by a model where a right- ༣ၾፄ༟ॡ༣ʘࢨମdԨ͟וॡɛ
of-use asset and a corresponding liability have to be recognised ఱהϞॡ༣ᆽႩԴ͜ᛆ༟ପʿ
for all leases by lessees, except for short-term leases and Ꮠࠋවʘᅼό՟˾dઓಂॡ༣
leases of low value assets. ʿЭᄆ࠽༟ପॡ༣ۆৰ̮f
Hong Kong Council for Accreditation of Academic and Vocational Qualifications 109
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅
