Page 136 - 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 liabilities and equity instruments (continued) ږፄࠋවʿᛆूʈՈ€ᚃ

Financial liabilities ږፄࠋව

The Council’s financial liabilities, including other payables are ͉҅ٙږፄࠋවܼ̍Չ˼Ꮠ˹ಛ
subsequently measured at amortised cost, using the effective ධdɗᎇܝܲમ͜ྼყлଟجࠇၑ
interest method. ٙʊᛅቖϓ͉ࠇඎf

Derecognition ୞˟ᆽႩ

The Council derecognises a financial asset only when the ̥Ϟί༟ପϗ՟ତږݴඎٙΥߒ
contractual rights to the cash flows from the asset expire, or ᛆл֣တdא͉҅ʊਗ਼ږፄ༟ପʿ
when it transfers the financial asset and substantially all the risks ຅ʕኹϞᛆٙഒɽ௅΅ࠬᎈʿΫ
and rewards of ownership of the asset to another entity. జᔷᜫʚ̤ɓྼ᜗ࣛd͉҅˙ึ୞
˟ᆽႩږፄ༟ପf

On derecognition of a financial asset in its entirety, the difference ׵ҁΌ୞˟ᆽႩږፄ༟ପࣛd༈ධ
between the asset’s carrying amount and the sum of the ༟ପሪࠦ࠽ၾʊϗʿᏐϗ˾ᄆe
consideration received and receivable and the cumulative ʊ׵Չ˼ΌࠦϗूᆽႩʿ׵ᛆू
gain or loss that had been recognised in other comprehensive ଢ଼ࠇٙޮлאฦ̰ٙᐼձගٙࢨ
income and accumulated in equity is recognised in profit or ᕘdۆ׵ฦूʫᆽႩf
loss.

The Council derecognises financial liabilities when, and only ͉҅සึ׵ப΂ᐏ༆ৰeൗቖא֣
when, the Council’s obligations are discharged, cancelled or တࣛd୞˟ᆽႩږፄࠋවf஗୞˟
have expired. The difference between the carrying amount of ᆽႩٙږፄࠋවٙሪࠦ࠽ၾʊ˹
the financial liability derecognised and the consideration paid ʿᏐ˹˾ᄆගٙࢨᕘ׵ฦूʫᆽ
and payable is recognised in profit or loss. Ⴉf

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