Page 157 - 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

21. Financial Instruments (continued) 21. ږፄʈՈ€ᚃ

Financial risk management objectives ৌਕࠬᎈ၍ଣͦᅺʿ݁ഄ
and policies (continued) €ᚃ

Fair value measurements of financial instruments ږፄʈՈٙʮʪᄆ࠽ࠇඎ€ᚃ
(continued)

(ii) Fair values of financial assets that are not measured at fair (ii) ܲڢ຾੬׌ਿ๟˸ʮʪᄆ࠽
value on a recurring basis (but fair value disclosures are ࠇඎ͉ٙ҅ږፄ༟ପ€඲ࠅ
required) מᚣՉʮʪᄆ࠽:

Except as detailed in the following table, the council ৰɨڌהͪd͉҅ϓࡰႩމ
members consider that the carrying amounts of other ᆽႩίৌਕజڌʘږፄ༟ପ
financial assets and financial liabilities recognised in the ձږፄࠋවٙሪࠦ࠽ၾՉʮ
financial statements approximate their fair values. ʪᄆ࠽޴ߒf

2019 2018
Carrying Carrying
amount Fair value amount Fair value
ሪࠦږᕘ ʮʪᄆ࠽ ሪࠦږᕘ ʮʪᄆ࠽
HK$ ಥ࿆ HK$ ಥ࿆ HK$ ಥ࿆ HK$ ಥ࿆
Debt instruments වਕʈՈ 39,995,060 40,076,165 8,345,317 8,144,520

22. Operating Lease Commitments 22. ຾ᐄॡ༣וዄ

At the end of the reporting period, the Council had ׵జѓಂ͋d͉҅࣬ኽʔ̙࿞ቖ຾
commitments for future minimum lease payments under non- ᐄॡ༣Υߒʘ͊Ը௰Эॡ༣ಛධ
cancellable operating leases which fall due as follows: Ъ̈וዄνɨj

2019 2018
HK$ ಥ࿆ HK$ ಥ࿆

Within one year ɓϋʫ 12 12
In the second to fifth years inclusive
ୋɚЇୋʞϋ€࠯҈Շϋܼ̍ίʫ 17 29

29 41

Hong Kong Council for Accreditation of Academic and Vocational Qualifications 157
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅