Page 153 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

Notes to the Financial Statements 財務報表附註

2.4 Summary of significant accounting policies 2.4 主要會計政策概要€ᚃ

(continued)
Provisions 準備

Provisions are recognised when the Housing Society has a present ຅ཀֻٙԫධኬߧג܊՘ึ඲ࠋجܛ
legal or constructive obligation as a result of past events, and it is אપ֛ப΂dϾ˲˚ܝϞ̙ঐცࠅᅡ
probable that an outflow of resources will be required to settle that ˹༟๕Ꮅ˹Ϟᗫப΂הऒʿʘಛධd
obligation, and a reliable estimate can be made. Provisions are ί༈ಛධঐ੄̙ቦήʚ˸Пࠇٙઋر
measured at the management’s best estimate of the expenditure ɨd༈ಛධึ౤я๟௪f๟௪݊၍ଣ
required to settle the obligation at the end of the reporting period, ᄴ׵జѓಂ͋Ъ̈ίᎵ˹Ϟᗫப΂ה
and are discounted to present value where the effect is material. ऒʿʘಛධٙ௰ԳПࠇd຅ұତᅂᚤ
ࠠɽࣛd༈ಛධਗ਼൨ତЇତ࠽ɝሪf

Where it is not probable that an outflow of economic benefits will be ࡊ߰ўϞ຾᏶ࣖूٙ༟๕̮ݴ̙ٙঐ
required, or the amount cannot be estimated reliably, the obligation ׌༰Эdא݊ೌج࿁ϞᗫᅰᕘЪ̙̈
is disclosed as a contingent liability, unless the probability of outflow ቦٙПࠇdۆცਗ਼༈ப΂מᚣމא್
of economic benefits is remote. Possible obligations, whose existence ࠋවiШ৿νவᗳ຾᏶ࣖू༟๕̮ݴ
will only be confirmed by the occurrence or non-occurrence of one ̙ٙঐ׌฽Э٫ۆৰ̮f຅඲ൖ˷ݔ
or more future events, are also disclosed as contingent liabilities ֚אε֚͊Ըԫ΁݊щ೯͛ʑঐᆽ֛
unless the probability of outflow of economic benefits is remote. πίၾщٙᆑίப΂d͵ึ஗מᚣމ
א್ࠋවiШ৿νவ຾᏶ࣖू༟๕̮
ݴ̙ٙঐ׌฽Э٫ۆৰ̮f

Government grants and assistance 政府補助金及援助
Government grants received or receivable are recognised as income ϗ՟אᏐϗִٙ݁໾пږdѩܲ޴ᗫ
over the period necessary to match them with the related costs. ϓ͉ٙৣˢίϞᗫಂගʫᆽႩމϗ
Grants related to depreciable assets received or receivable are ɝfϗ՟אᏐϗ̙ٙұᔚ༟ପ໾п
presented as a deduction from the carrying amount of the relevant ږdۆίϞᗫ༟ପٙሪࠦ࠽ʕಯৰd
asset and are recognised as income over the useful lives of the assets Ԩ࣬ኽ༈༟ପԴ͜ϋಂ͜ಯˇұᔚٙ
by way of a reduced depreciation charge. ˙جᆽႩމϗɝf

Government assistance relating to land obtained from the ˸ཧήᄆִ݁͟ҭʚג܊՘ึٙɺή
government without a premium being charged are recorded by the ໾п݊˸൥ᅄόږᕘা፽f
Housing Society at a nominal amount.

Loans from government granted before 1 April 2009 at nil or low ׵ɚཧཧɘϋ̬˜ɓ˚ۃ˸ཧאЭл
interest rate are initially measured at cost and subsequently measured ଟ࠾ɝִٙ݁൲ಛ࠯΋݊˸ϓ͉ᄆা
at amortised cost using the contractual rate. ፽dՉܝ࣬ኽΥߒлଟᛅቖϓ͉ࠇඎf

香港房屋協會2017/18年度年報 151