Page 149 - HKCAAVQ AR 2018-19
P. 149

Financial Report ৌਕజѓ








                                                Notes to the Financial Statements (continued)
                                                                                     ৌਕజڌڝൗ€ᚃ

                                                           For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ

 18. ࡰʈߒတཇږ๟௪  20. Capital Risk Management                                 20. ༟͉ࠬᎈ၍ଣ


                    Since the Council is not profit-oriented and is not subject to any   ͟׵͉҅݊ڢϳлʿೌաՓ׵΂
                    externally imposed capital requirements, its primary financial   О̮Ըٙ༟͉ࠅӋdΪϤ͉҅ৌਕ
                    and capital management objectives are to maintain a balance   ʿ༟͉၍ଣٙ˴ࠅͦᅺ݊ၪܵӊ
                    between annual income and expenditure, so that it has the   ϋϗ˕̻ፅd˸ᆽڭঐ੄ܵᚃ຾ᐄ
                    ability to operate as a going concern and perform its statutory   ԨਕӋঐ੄တԑՉج֛ԉЍၾ࿁
                    roles and functions. The Council is primarily financed through   ʮ଺ᄵБج֛ᔖঐf͉҅ٙ༟ږ˴
                    the charging of fees for academic and vocational accreditation   ࠅԸІఱ౤Զٙኪஔʿᔖุ༟ዝ
                    services rendered which include validations, revalidations,   ൙ᄲ؂ਕϗ՟ٙ൬͜dϞᗫ؂ਕ̍
                    institutional reviews, qualifications assessments and advisory/  ܼေᄲeࠠอေᄲe৫ࣧᏨীe༟
                    consultancy services. Any operating surplus shall be carried   ዝ൙П˸ʿፔ༔Ŋᚥਪ؂ਕf΂О
                    forward to the following financial year to meet future expenditure   ᐄ༶ޮቱ඲ഐᔷЇᎇܝٙৌ݁ϋ
                    required for the operations of the Council.                ܓd˸Ꮠ˹͊Ը͉҅ᐄ༶הცٙක
                                                                               ˕f
 19. Ꮇ௪
                    The Council’s overall strategy remains unchanged from prior   ͉҅ٙ዆᜗ഄଫၾ̘ϋၪܵʔ
                    years. The capital structure of the Council consists of cash and   ᜊf͉҅ٙ༟͉ݖ࿴ܼ̍ତږʿତ
 (a) ͉҅Ꮇ௪ٙᗳй        cash equivalents and accumulated surpluses.                ږഃᄆيʿଢ଼ࠇޮቱf

               21. Financial Instruments                                   21. ږፄʈՈ
 Ꮇ௪ᜊਗڌΐ͉ͪ҅ӊɓᗳ
 йᎷ௪ٙϋڋᅰձϋ͋ᅰd
 ˸ʿɪࠑ༱ΐ׵Ꮇ௪ᜊਗڌ       Categories of financial instruments                        ږፄʈՈٙᗳй
 ʘᅰᕘʘගٙ࿁ሪf
                                                                                         2019         2018
 (b) ҳ༟ࠠПᎷ௪                                                                          HK$ ಥ࿆       HK$ ಥ࿆
                    Financial assets ږፄ༟ପ
 ҳ༟ࠠПᎷ௪̍ў׵ഐၑ˚       Held-to-maturity investments ܵϞЇՑಂҳ༟                                    –     8,345,317
 הܵ˸ʮʪᄆ࠽ࠇඎ˲Չᜊ       AFS investments ̙Զ̈ਯҳ༟                                                  –    17,723,200
 ਗࠇɝՉ˼Όࠦϗूٙᛆू       Loans and receivables (including cash and cash equivalents)
 ʈՈ€ɚཧɓɞj̙Զ̈ਯ       ൲ಛʿᏐϗಛධ€ܼ̍ତږʿତږഃᄆي                                                     –    82,882,276
 ᛆूʈՈٙʮʪᄆ࠽ٙଢ଼       Financial assets at amortised cost ܲᛅቖϓ͉ࠇඎږፄ༟ପ                 122,996,680           –
 ࠇᜊਗଋᕘdԨ࣬ኽڝൗ3ٙ
 ึࠇ݁ഄஈଣf                                                                           122,996,680  108,950,793
                    Financial liabilities ږፄࠋව
                    Amortised cost ʊᛅቖϓ͉                                             3,165,441    3,210,919












                                                         Hong Kong Council for Accreditation of Academic and Vocational Qualifications  149
                                                                                   ࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅
   144   145   146   147   148   149   150   151   152   153   154