Page 122 - HKCAAVQ AR 2018-19
P. 122
Financial Report ৌਕజѓ
Notes to the Financial Statements (continued)
ৌਕజڌڝൗᚃ
For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ
3. Significant Accounting Policies 3. ˴ࠅึࠇ݁ഄᚃ
(continued)
Financial instruments (continued) ږፄʈՈᚃ
Financial assets (continued) ږፄ༟ପᚃ
Classification and subsequent measurement of financial assets ږፄ༟ପٙʱᗳձܝᚃࠇඎ࣬ኽ
(upon application of HKFRS 9 in accordance with transitions in ڝൗ2ʕٙཀನૢಛમ͜࠰ಥৌਕ
note 2) (continued) జѓۆୋ9ࣛᚃ
Financial assets that meet the following conditions are တԑɨΐૢʘږፄ༟ପՉܝ
subsequently measured at Fair value through other ˸ʮʪᄆ࠽ࠇඎ˲ՉᜊਗࠇɝՉ
comprehensive income (“FVTOCI”): ˼Όࠦϗू˸ʮʪᄆ࠽ࠇඎ˲
ՉᜊਗࠇɝՉ˼Όࠦϗूj
• the financial asset is held within a business model whose • ุਕᅼόʫהܵϞ˸Νࣛϗ
objective is achieved by both collecting contractual cash ΫΥߒତږݴඎʿ̈ਯʘږ
flows and selling; and ፄ༟ପiʿ
• the contractual terms give rise on specified dates to cash • Υߒૢಛ˿त֛˚ಂପ͛
flows that are solely payments of principal and interest on ʘତږݴඎසމ˕˹͉ږʿ
the principal amount outstanding. ͊Ꮅᒔ͉ږʘлࢹٙږፄ༟
ପf
All other financial assets are subsequently measured at financial הϞՉ˼ږፄ༟ପՉܝீཀฦ
assets at fair value through profit or loss. ूܲʮʪᄆ࠽ΐሪf
(i) Amortised cost and interest income (i) ᛅቖϓ͉ձлࢹϗू
Interest income is recognised using the effective interest ఱՉܝܲᛅቖϓ͉ࠇඎږፄ
method for financial assets measured subsequently at ༟ପϾԊdлࢹϗूɗમ͜
amortised cost. Interest income is calculated by applying ྼყлଟجආБᆽႩfৰՉ
the effective interest rate to the gross carrying amount ܝ೯͛ڦ൲ಯ࠽ٙږፄ༟ପ
of a financial asset, except for financial assets that have ̮Ԉɨ˖dлࢹϗूɗ
subsequently become credit-impaired (see below). For ஷཀږፄ༟ପʘሪࠦᐼ࠽મ
financial assets that have subsequently become credit- ͜ྼყлଟجࠇၑfఱՉܝ
impaired, interest income is recognised by applying the ڦ൲ಯ࠽ʘږፄ༟ପdлࢹ
effective interest rate to the amortised cost of the financial ϗूІɨࡈజѓಂৎஷཀږ
asset from the next reporting period. If the credit risk on ፄ༟ପٙᛅቖϓ͉મ͜ྼყ
the credit-impaired financial instrument improves so that лଟجආБᆽႩfࡊڦ൲ಯ
the financial asset is no longer credit-impaired, interest ࠽ٙږፄʈՈٙڦ൲ࠬᎈҷ
income is recognised by applying the effective interest ഛdԴږፄ༟ପʔΎڦ൲
rate to the gross carrying amount of the financial asset ಯ࠽dۆᆽ֛༈ධ༟ପʔ
from the beginning of the reporting period following the Ύڦ൲ಯ࠽ʘܝٙజѓಂڋ
determination that the asset is no longer credit impaired. ৎdлࢹϗूஷཀږፄ༟ପ
ٙሪࠦᐼ࠽મ͜ྼყлଟج
ආБᆽႩf
122 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅
