Page 147 - 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

14. ვБπಛʿତږ 16. Deferred Revenue 16. ჈ַϗɝ

Deferred revenue represents amounts billed or received for ჈ַϗɝމϋʫఱሙ೻൙ᄲd˸ʿ
programme accreditation, advice on the registration of non- ڢ͉ήሙ೻ൗ̅ձ༟ዝ൙П౤Զ
local courses and qualifications assessment, less amounts จԈϾɝሪאϗ՟ٙږᕘdԨϔৰ
recognised as income during the year. ϋʫʊᆽႩމϗɝٙږᕘࠇၑf

17. Contract Liabilities 17. Υߒࠋව

The following is an analysis of the Council’s contract liabilities: ͉҅ʘΥߒࠋවʱؓνɨj

As at As at
31 March 1 April
2019 2018*
׵2019ϋ ׵2018ϋ
3˜31˚ 4˜1˚*
15. ჈ִַ݁໾п HK$ ಥ࿆ HK$ ಥ࿆

Accreditation services fees ൙ᄲ؂ਕ൬ 9,538,332 14,003,454
Consultancy services fees ᚥਪ؂ਕ൬ 333,000 386,000
Qualifications assessment fees ༟ዝ൙П൬ 2,574,390 1,934,049
Qualifications registry fees ༟ዝΤ̅൬ 3,325,703 2,770,104
Total Υࠇ 15,771,425 19,093,607

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

The contract liabilities at 1 April 2018 were fully recognised as ࿚Їɚཧɓɞϋ̬˜ɓ˚ٙΥߒ
revenue in the current year. ࠋවΌ௅ᆽႩމ͉ϋܓϗूf
໾п͜׵˕˹ሯ९౤ʺ˕౪ࠇྌ
ධͦٙϓ͉f

Hong Kong Council for Accreditation of Academic and Vocational Qualifications 147
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅