Page 128 - 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)

Financial instruments (continued) ږፄʈՈ€ᚃ

Financial assets (continued) ږፄ༟ପ€ᚃ

Impairment of financial assets (upon application HKFRS 9 with ږፄ༟ପಯ࠽€࣬ኽڝൗ2ʕٙཀ
transitions in accordance with note 2) (continued) ನૢಛમ͜࠰ಥৌਕజѓ๟ۆୋ
9໮ࣛ€ᚃ

(iii) Credit-impaired financial assets (iii) ڦ൲ಯ࠽ʘږፄ༟ପ

A financial asset is credit-impaired when one or more ࡊ೯͛ɓධאεධԫ΁࿁׵
events of default that have a detrimental impact on the ږፄ༟ପʘཫಂ͊Ըତږݴ
estimated future cash flows of that financial asset have ඎପ͛ʔлᅂᚤdۆ༈ږፄ
occurred. Evidence that a financial asset is credit-impaired ༟ପ೯͛əڦ൲ಯ࠽fڦ൲
includes observable data about the following events: ಯ࠽ٙᗇኽܼ̍ɨΐԫධʘ
̙ᝈ࿀༟ࣘj

(a) significant financial difficulty of the issuer or the (a) ೯Б˙אවਕɛ೯͛
borrower; ᘌࠠৌਕѢᗭi

(b) a breach of contract, such as a default or past due (b) ༼ˀΥߒૢಛdν༼ߒ
event; אགྷಂԫ΁ഃi

(c) the lender(s) of the borrower, for economic or (c) වᛆɛ̈׵຾᏶אΥ
contractual reasons relating to the borrower’s ߒഃ˙ࠦΪ९ٙϽ
financial difficulty, having granted to the borrower a ᅇd࿁೯͛ৌਕѢᗭٙ
concession(s) that the lender(s) would not otherwise වਕɛЪ̈ᜫӉ€Ͼ
consider; ίՉ˼ઋرɨʔึЪ
ϤᜫӉi

(d) it is becoming probable that the borrower will enter (d) ࠾ಛɛϞ̙ঐॎପא
bankruptcy or other financial reorganisation; or ආБՉ˼ৌਕࠠଡ଼iא

(e) the disappearance of an active market for that (e) ΪৌਕѢᗭኬߧږፄ
financial asset because of financial difficulties. ༟ପೌجίݺᚔ̹ఙ
ᘱᚃʹ׸f

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