Page 140 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

AUDITED FINANCIAL STATEMENTS 已審核財務報表

Notes to the Financial Statements
財務報表附註

2.3 Issued but not yet effective Hong Kong 2.3 已頒布但未生效之香港財務

Financial Reporting Standards (continued) 報告準則 €ᚃ
HKFRS 9 香港財務報告準則第九號

In September 2014, the HKICPA issued the final version of HKFRS 9, ׵ɚཧɓ̬ϋɘ˜d࠰ಥึࠇࢪʮึ
bringing together all phases of the financial instruments project to ཯̺࠰ಥৌਕజѓ๟ۆୋɘ໮ٙ௰୞
replace HKAS 39 and all previous versions of HKFRS 9. The standard و͉dිණৌਕʈՈධͦٙהϞචݬ
introduces new requirements for classification and measurement, ˸՟˾࠰ಥึࠇ๟ۆୋɧɤɘ໮˸ʿ
impairment and hedge accounting. The Housing Society will adopt ࠰ಥৌਕజѓ๟ۆୋɘ໮ٙΌ௅΋ۃ
HKFRS 9 from 1 April 2018. The Housing Society will not restate و͉f༈๟ۆˏɝʱᗳʿࠇඎeಯ࠽
comparative information and will recognise any transition ʿ࿁әึࠇஈଣٙอ஝֛fג܊՘ึ
adjustments against the opening balance of equity at 1 April 2018. ਗ਼Іɚཧɓɞϋ̬˜ɓ˚ৎમॶ࠰ಥ
During the year, the Housing Society has performed a detailed ৌਕజѓ๟ۆୋɘ໮f͉ϋܓdג܊
assessment of the impact of the adoption of HKFRS 9. The expected ՘ึ൙Пəᗫ׵મॶ࠰ಥৌਕజѓ๟
impacts relate to the classification and measurement and the ۆୋɘ໮ٙᅂᚤfཫಂᅂᚤऒʿʱᗳ
impairment requirements are summarised as follows: ʿࠇඎၾಯ࠽஝֛d฿ࠑνɨj

(a) Classification and measurement (a) 分類及計量
The Housing Society does not expect that the adoption of ג܊՘ึཫࠇમॶ࠰ಥৌਕజ
HKFRS 9 will have a significant impact on the classification and ѓ๟ۆୋɘ໮ਗ਼ʔึ࿁Չৌਕ
measurement of its financial assets. It expects to continue ༟ପٙʱᗳʿࠇඎପ͛ࠠɽᅂ
measuring at fair value all financial assets currently held at fair ᚤfཫࠇՉਗ਼ᘱᚃ˸ʮʪᄆ࠽
value. ࠇඎՉͦۃܲʮʪᄆ࠽ܵϞٙ
Ό௅ৌਕ༟ପf

(b) Impairment (b) 減࠽

HKFRS 9 requires an impairment on debt instruments recorded ࠰ಥৌਕజѓ๟ۆୋɘ໮஝֛
at amortised cost or at fair value through other comprehensive ˸ᛅቖϓ͉אʮʪᄆ࠽ࠇɝՉ
income, lease receivables, loan commitments and financial ˼ΌࠦϗूٙවਕʈՈeॡ༣
guarantee contracts that are not accounted for at fair value Ꮠϗಛධe൲ಛוዄʿ࣬ኽ࠰
through profit or loss under HKFRS 9, to be recorded based on ಥৌਕజѓ๟ۆୋɘ໮ʔܲʮ
an expected credit loss model either on a twelve-month basis ʪᄆ࠽ࠇɝฦूٙৌਕዄڭΥ
or a lifetime basis. The Housing Society will apply the simplified Νٙಯ࠽dᏐਿ׵ɤɚࡈ˜א
approach and record lifetime expected losses that are Όಂਿ๟ܲཫಂڦ͜ฦ̰ᅼό
estimated based on the present values of all cash shortfalls ࠇɝfג܊՘ึਗ਼༶͜ᔊʷٙ
over the remaining life of all of its accounts receivables. ˙جdԨਿ׵הϞᏐϗሪධ௵
ቱϋಂהϞତږ೵ॹٙତ࠽П
ࠇা፽ϋಂཫಂฦ̰f

Furthermore, the Housing Society will apply the general Ϥ̮dג܊՘ึਗ਼Ꮠ͜ɓছ˙
approach and record twelve-month expected credit losses that جԨਿ׵͊Ըɤɚࡈ˜ʫג܊
are estimated based on the possible default events on its other ՘ึՉ˼Ꮠϗಛධ̙ঐʘ༼ߒ
receivables within the next twelve months. ԫ΁הПࠇʘɤɚࡈ˜ཫಂڦ
൲ฦ̰ɝሪf

138 Hong Kong Housing Society Annual Report 2017/18