Page 135 - 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 (before application of HKFRS 9 ږፄ༟ପಯ࠽€׵ɚཧɓɞϋ̬
on 1 April 2018) (continued) ˜ɓ˚Ꮠ͜࠰ಥৌਕజѓ๟ۆୋ
9໮˸ۃ€ᚃ

For financial assets measured at amortised cost, if, in a ఱܲʊᛅቖϓ͉ࠇඎٙږፄ༟ପ
subsequent period, the amount of the impairment loss ϾԊdࡊಯ࠽ฦ̰ږᕘ׵ֻܝಂග
decreases and the decrease can be related objectively to ϞהಯˇdϾϞᗫಯˇί܄ᝈɪ
an event occurring after the impairment was recognised, the ၾᆽႩಯ࠽ฦ̰ܝ೯͛ٙԫ΁Ϟ
previously recognised impairment loss is reversed through profit ᗫdۆ΋ۃʊᆽႩٙಯ࠽ฦ̰ਗ਼ீ
or loss to the extent that the carrying amount of the investment ཀฦूᅡΫdઓ༈ҳ༟׵ಯ࠽஗ᅡ
at the date the impairment is reversed does not exceed what Ϋ຅˚ٙሪࠦ࠽ʔ੻൴ཀ͊ᆽႩ
the amortised cost would have been had the impairment not ಯ࠽ࣛٙʊᛅቖϓ͉f
been recognised.

In respect of AFS equity investments, impairment losses ̙Զ̈ਯٰ͉ᗇՎʘۃʊ׵ฦू
previously recognised in profit or loss are not reversed through ʕᆽႩٙಯ࠽ฦ̰ʔึீཀฦू
profit or loss. Any increase in fair value subsequent to an ᅡΫf׵ಯ࠽ฦ̰̈ତܝٙ΂Оʮ
impairment loss is recognised in other comprehensive income ʪᄆ࠽ᄣ̋dਗ਼׵Չ˼Όࠦϗूʕ
and accumulated under the heading of investment revaluation ᆽႩdԨ׵ҳ༟ࠠПᎷ௪ʕଢ଼ࠇf
reserve.

Financial liabilities and equity instruments ږፄࠋවʿᛆूʈՈ

Debt and equity instruments issued by the Council are classified ͉҅೯БٙවਕʿᛆूʈՈɗ࣬
as either financial liabilities or as equity in accordance with the ኽהࠈͭٙΥߒτરٙʫ࢙˸ʿ
substance of the contractual arrangements and the definitions ږፄࠋවʿᛆूʈՈ່֛ٙϾʱ
of a financial liability and an equity instrument. ᗳމږፄࠋවאᛆूf

Equity instruments ᛆूʈՈ

An equity instrument is any contract that evidences a residual ᛆूʈՈމᗇ׼׵͉҅຾ϔৰՉ
interest in the assets of the Council after deducting all of הϞࠋවܝٙ༟ପʕה௵ቱᛆू
its liabilities. Equity instruments issued by the Council are ٙ΂ОΥߒf͉҅೯БٙᛆूʈՈ
recognised at the proceeds received, net of direct issue costs. ܲʊϗה੻ಛධϔৰٜટ೯Бϓ
͉ᆽႩf

Hong Kong Council for Accreditation of Academic and Vocational Qualifications 135
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