Page 99 - 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

2. Application of New and 2. Ꮠ͜อࠈʿ຾ࡌࠈ࠰
Amendments to Hong Kong ಥৌਕజѓ๟ۆ€˜࠰
Financial Reporting Standards ಥৌਕజѓ๟ۆ™
(“HKFRSs”) (continued) €ᚃ

2.1 HKFRS 15 Revenue from Contracts 2.1 ࠰ಥৌਕజѓ๟ۆୋ
with Customers (continued) 15໮ԸІ܄˒Υߒʘ
ϗू€ᚃ

Information about the Council’s performance obligations Ꮠ͜࠰ಥৌਕజѓ๟ۆୋ15
and the accounting policies resulting from application of ໮ପ͛ٙᗫ׵͉҅ᄵߒ່ਕ
HKFRS 15 are disclosed in notes 3 and 5, respectively. ձึࠇ݁ഄٙ༟ৃሗਞԈ͉
జѓڝൗ3ձڝൗ5ٙמᚣf

Summary of effects arising from initial application ࠯ϣᏐ͜࠰ಥৌਕజѓ๟ۆ
of HKFRS 15 ୋ15໮ٙᅂᚤ฿ࠅ

The following adjustments were made to the amounts ׵ɚཧɓɞϋ̬˜ɓ˚ʘৌ
recognised in the statement of financial position at 1 April ਕًرڌʕᆽႩʘږᕘdʊ
2018. Line items that were not affected by the changes ආБνɨሜ዆dШʔܼ̍͊
have not been included. աᜊਗᅂᚤʘΐධf

Carrying Carrying
amounts amounts
previously under
reported at HKFRS 15 at
31 March 1 April
2018 Reclassification 2018
׵ɚཧɓɞϋ
̬˜ɓ˚
׵ɚཧɓɞϋ Ꮠ͜࠰ಥึࠇ
ɧ˜ɧɤɓ˚ ๟ۆୋ15໮ܝ
яజٙሪࠦ࠽ ࠠʱᗳ яజٙሪࠦ࠽
HK$ ಥ࿆ HK$ ಥ࿆ HK$ ಥ࿆

Deferred revenue ჈ַϗɝ 18,516,420 (18,516,420) –
Contract assets (Note) Υߒ༟ପ€ڝൗ – 577,187 577,187
Contract liabilities (Note) Υߒࠋව€ڝൗ – (19,093,607) (19,093,607)

Note: At the date of initial application, unbilled revenue and ڝൗj׵࠯ϣᏐ͜˚dၾ൙ᄲ؂
revenue receipt in advance in relation to accreditation ਕ޴ᗫϾ΋ۃࠇɝ჈ַϗ
services of HK$577,187 and HK$19,093,607, respectively, ɝٙ͊೯ఊϗɝʿཫϗϗ
previously included in deferred revenue were reclassified to
contract assets and contract liabilities, respectively. ɝʱйމ577,187ಥ࿆ʿ
19,093,607ಥ࿆d΢ࠠʱ
ᗳЇΥߒ༟ପʿΥߒࠋ
වf

Hong Kong Council for Accreditation of Academic and Vocational Qualifications 99
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅