Page 145 - 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

12. Accounts and other Receivables 12. ᏐϗሪಛձՉ˼Ꮠϗ
(continued) ಛ€ᚃ

The following is the aging analysis of accounts receivable which ʊགྷಂШԨೌಯ࠽ٙᏐϗሪಛٙ
are past due but not impaired: ሪᙧʱؓνɨj

31 March
2018
2018ϋ
3˜31˚
HK$ ಥ࿆
Within 30 days 30˂ʫ 2,092,011
Over 30 days ൴ཀ30˂ 403,470
2,495,481

Details of impairment assessment as at 31 March 2019 are set ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚ٙ
out in note 21. ಯ࠽൙П༉ઋԈڝൗ21f

13. Contract Assets 13. Υߒ༟ପ

As at As at
31 March 1 April
2019 2018*
׵2019ϋ ׵2018ϋ
3˜31˚ 4˜1˚*
HK$ ಥ࿆ HK$ ಥ࿆

Accreditation services ൙ᄲ؂ਕ 519,244 577,187

• The amount in this column is after the adjustment from the * הΐږᕘމᏐ͜࠰ಥৌਕజѓ
application of HKFRS 15. ๟ۆୋ15໮Ъ̈ሜ዆ܝٙږ
ᕘf

The contract assets primarily relate to the Council’s right to Υߒ༟ପ˴ࠅऒʿ͉҅Ϟᛆϗ՟
consideration for work completed and not billed because the ʊҁϓʈЪ˲͊೯ఊٙ˾ᄆdΪ
rights are conditioned on the Council’s future performance. The މ༈ഃᛆл˸͉҅͊Ըڌତމૢ
contract assets are transferred to accounts receivable when the ΁f຅ᛆлᜊމೌૢ΁ࣛdΥߒ༟
rights become unconditional. ପึᔷЇᏐϗሪಛf

Hong Kong Council for Accreditation of Academic and Vocational Qualifications 145
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅