Page 131 - 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

Classification and subsequent measurement of financial assets ږፄ༟ପʘʱᗳʿܝᚃࠇඎ€׵ɚ
(before application of HKFRS 9 on 1 April 2018) ཧɓɞϋ̬˜ɓ˚Ꮠ͜࠰ಥৌਕ
జѓ๟ۆୋ9໮˸ۃ

The Council’s financial assets are classified held-to-maturity ͉҅ٙږፄ༟ପ஗ʱᗳމܵϞЇ
investment, AFS investments and loans and receivables. Ցಂҳ༟e̙Զ̈ਯҳ༟ձ൲ಛʿ
The classification depends on the nature and purpose of Ꮠϗሪಛfʱᗳൖ˷ږፄ༟ପʘ׌
the financial assets and is determined at the time of initial ሯʿͦٙԨ׵ڋӉᆽႩࣛᔾ֛fה
recognition. All regular way purchases or sales of financial Ϟ͍ܲ੬˙ό൯ርʘږፄ༟ପɗ
assets are recognised and derecognised on a trade date ܲʹ׸˚ਿ๟ᆽႩʿ୞˟ᆽႩf
basis. Regular way purchases or sales are purchases or ͍੬˙ό൯ርܸ݊ږፄ༟ପ࣬ኽ
sales of financial assets that require delivery of assets within ̹ఙ஝ۆא࿕Էהᆽͭٙࣛග࣪
the time frame established by regulation or convention in the ݖʫʹ˹൯ርf
marketplace.

Held-to-maturity investment ܵϞЇՑಂҳ༟

Held-to-maturity investments are non-derivative financial assets ܵϞЇՑಂҳ༟ɗ͉҅Ϟٵ֛จ
with fixed or determinable payments and fixed maturity dates ΣʿঐɢܵϞЇಂတٙո֛א̙
that the Council has the positive intent and ability to hold to ᆽ֛˹ಛږᕘʿϞո֛Ցಂ˚ٙ
maturity. ڢࠃ͛ږፄ༟ପf

Subsequent to initial recognition, held-to-maturity investments ׵ڋӉᆽႩܝdܵϞЇՑಂҳ༟
are measured at amortised cost using the effective interest ܲમ͜ྼყлଟجࠇၑٙʊᛅቖ
method, less any impairment (see accounting policy in respect ϓ͉ಯ΂Оʊᗆйಯ࠽ฦ̰ࠇඎ
of impairment losses on financial assets below). €Ԉɨ˖Ϟᗫږፄ༟ପಯ࠽ฦ̰ٙ
ึࠇ݁ഄf

Hong Kong Council for Accreditation of Academic and Vocational Qualifications 131
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅