Page 138 - 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

4. Key Source of Estimation 4. Пࠇʔ׼ࣦΪ९ٙ˴
Uncertainty (continued) ࠅԸ๕€ᚃ

Key source of estimation uncertainty Пࠇʔ׼ࣦΪ९ٙ˴ࠅԸ
(continued) ๕€ᚃ

Impairment assessment of accounts receivable and ᏐϗሪಛၾΥߒ༟ପٙಯ࠽൙П
contract assets (continued) €ᚃ

The Council uses provision matrix to calculate ECL for the ͉҅Դ͜๟௪ॉ৬ࠇၑᏐϗሪಛ
accounts receivable. The provision rates are based on internal ٙཫಂڦ൲ฦ̰f๟௪ଟ˸ʫ௅ڦ
credit ratings as groupings of various debtors that have similar ൲൙ॴމਿᓾdਗ਼ՈϞᗳЧฦ̰ᅼ
loss patterns. The provision matrix is based on the Council’s όٙʔΝවਕɛʱଡ଼f๟௪ॉ৬˸
historical default rates taking into consideration forward- ͉҅ٙ˸ֻ༼ߒଟމਿᓾdΝࣛึ
looking information that is reasonable and supportable available Ͻᅇίೌცڀ൬ʔ̀ࠅϓ͉אʈ
without undue costs or effort. At every reporting date, the Ъɨ̙ᐏ੻ʘΥଣԨ̙˕౪ٙۃ
historical observed default rates are reassessed and changes ᓼ׌༟ৃf׵ӊࡈజѓ˚dࠠอ൙
in the forward-looking information are considered. In addition, П˸ֻᝈ࿀Ցٙ༼ߒଟdԨϽᅇۃ
accounts receivable and contract assets with significant ᓼ׌༟ৃٙᜊʷfϤ̮dᏐϗሪಛ
balances and credit impaired are assessed for ECL individually. ձΥߒ༟ପϞࠠɽቱᕘձڦ൲ಯ
࠽ٙdۆʱй൙Пཫಂڦ൲ฦ̰f

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