Page 118 - 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

3. Significant Accounting Policies 3. ˴ࠅึࠇ݁ഄ€ᚃ
(continued)

Fixed assets (continued) ո֛༟ପ€ᚃ

The estimated useful lives, residual values and depreciation Пࠇ̙Դ͜ϋಂe௵ቱᄆ࠽ʿұᔚ
method are reviewed at the end of each reporting period, ˙ج׵΢జѓಂ͋ආБᏨীd΂О
with the effect of any changes in estimate accounted for on a Пࠇᜊਗٙᅂᚤܲ͊Ըቇ͜جɝ
prospective basis. ሪf

An item of property, plant and equipment is derecognised upon يุeᅀגʿண௪ٙධͦ׵̈ਯࣛ
disposal or when no future economic benefits are expected א׵ཫࠇʔึ੽ܵᚃԴ͜༈ධ༟
to arise from the continued use of the asset. Any gain or loss ପʕᐏ੻͊Ը຾᏶лूࣛ୞˟ᆽ
arising on the disposal or retirement of an item of property, Ⴉf΂ОΪ̈ਯאᄻໄيุeᅀג
plant and equipment is determined as the difference between ʿண௪ٙධͦϾପ͛ٙϗूאฦ
the sales proceeds and the carrying amount of the asset and is ̰ᔾ֛މ༈ධͦٙቖਯה੻ಛධ
recognised in profit or loss. ၾሪࠦ࠽ʘගٙࢨᕘdԨ׵ฦूʕ
ᆽႩf

Impairment of tangible assets ϞҖ༟ପٙಯ࠽ฦ̰

At the end of each reporting period, the Council reviews the ͉҅ึ׵΢జѓಂ͋ᏨীՉԴ͜
carrying amounts of its tangible assets to determine whether ϋಂϞࠢٙϞҖ༟ପٙሪࠦ࠽d
there is any indication that those assets have suffered an ˸ᆽ֛༈ഃ༟ପϞщ̈ତಯ࠽ฦ
impairment loss. If any such indication exists, the recoverable ̰༦൥fࡊ̈ତ΂ОϞᗫ༦൥dึ
amount of the asset is estimated in order to determine the Пࠇ༟ପ̙ٙϗΫږᕘd˸ᔾ֛ಯ
extent of the impairment loss (if any). ࠽ฦ̰€νϞٙషܓf

If the recoverable amount of an asset is estimated to be less ࡊ߰Пࠇ༟ପ̙ٙϗΫږᕘЭ׵
than its carrying amount, the carrying amount of the asset Չሪࠦ࠽dۆ༟ପٙሪࠦ࠽ਗ਼ሜЭ
is reduced to its recoverable amount. An impairment loss is ЇՉ̙ϗΫږᕘfಯ࠽ฦ̰ɗуࣛ
recognised immediately in profit or loss. ׵ฦूᆽႩf

When an impairment loss subsequently reverses, the carrying ࡊՉܝᅡΫಯ࠽ฦ̰dۆϞᗫ༟ପ
amount of the asset is increased to the revised estimate of ٙሪࠦ࠽ਗ਼ᄣЇࠠࠈٙПࠇ̙ϗ
its recoverable amount, but so that the increased carrying Ϋږᕘdઓᄣ̋ܝٙሪࠦ࠽ʔ੻൴
amount does not exceed the carrying amount that would have ཀ৿ண༈༟ପ׵ཀֻϋܓԨೌᆽ
been determined had no impairment loss been recognised Ⴉಯ࠽ฦ̰ࣛᔾ֛ٙሪࠦ࠽fಯ࠽
for the asset in prior years. A reversal of an impairment loss is ฦ̰ᅡΫึуࣛ׵ฦूʕᆽႩf
recognised immediately in profit or loss.

118 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
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