Page 154 - 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

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

(continued)
Revenue recognition 收入確認

Revenue is measured at fair value of the consideration received or ϗɝ݊˸ྼϗאᏐϗ˾ᄆٙʮʪᄆ࠽
receivable. Provided it is probable that the economic benefits will ࠇඎfν؈຾᏶ࣖूܘ̙ঐึݴɝג
flow to the Housing Society and the revenue and costs, if applicable, ܊՘ึdϾϗɝձϓ͉€νቇ͜ɦঐ
can be measured reliably, revenue is recognised in comprehensive ੄̙ቦήࠇඎࣛdϗɝکึ࣬ኽɨΐ
income as follows: ਿ๟ᆽႩ׵Όࠦϗू຅ʕj

Revenue arising from the sale of properties held for sale is recognised ቖਯܵϞܙ̈ਯيุהପ͛ٙϗɝ݊
when the respective properties have been completed and delivered ˸ࡈйيุംʈʿᔷᜫഗ൯࢕ࣛɝ
to the buyers. Deposits and instalments received on properties sold ሪfίᆽႩϗɝ຅˚ۃఱቖਯيุϗ
prior to the date of revenue recognition are included in the ՟ٙࠈږձʱಂ˹ಛۆাɝৌਕًر
statement of financial position under forward sales deposits received. ڌٙʉϗཫਯᅽρܲږʫf

Rental income receivable under operating leases is recognised in the ຾ᐄॡ༣ٙᏐϗॡږϗɝίॡ༣ಂה
comprehensive income in equal instalments over the accounting ଄ႊٙึࠇಂගʫd˸ഃᕘίΌࠦϗ
periods covered by the lease term, except where an alternative basis ूᆽႩiШνϞՉ˼ਿ๟ঐһ૶ูή
is more representative of the pattern of benefits to be derived from ˀ݈ॡ༣༟ପהପ͛ٙϗूᅼόۆৰ
the use of the leased asset. Lease incentives granted are recognised ̮f຾ᐄॡ༣՘ᙄהऒʿٙዧᎸણ݄
as an integral part of the aggregate net lease payments receivable. ѩᆽႩމᏐϗॡ༣ଋ˹ಛᐼᕘٙଡ଼ϓ
Contingent rentals are recognised as income in the accounting ௅΅fא್ॡږίՉପ͛ٙึࠇಂග
period in which they are earned. ʫᆽႩމϗɝf

Management fee income is recognised when services are rendered. ၍ଣ൬ϗɝ׵؂ਕ౤ԶࣛᆽႩɝሪf

Interest income is recognised as it accrues using the effective interest лࢹϗɝܲྼყлଟج˸Ꮠࠇ๟ۆʚ
method. ˸ᆽႩf

Dividend income from listed investments is recognised when the ɪ̹ҳ༟ٰٙࢹϗɝίҳ༟ධٰͦٙ
share price of the investment goes ex-dividend. ᄆৰࢹࣛᆽႩf
Employees benefits 僱員福利

Salaries, annual bonuses, paid annual leave, contributions to defined ᑚږeϋܓᆤږeϞᑚϋ৿eޢ֛Զ
contribution retirement plans and the cost of non-monetary benefits ಛৗ;ࠇྌٙԶಛձڢ஬࿆׌၅лϓ
are accrued in the year in which the associated services are rendered ͉ί྇ࡰ౤Զ޴ᗫ؂ਕٙϋܓʫଢ଼
by employees. Where payment or settlement is deferred and the ࠇfࡊ߰඲ַ፰˹ಛאഐၑʿΪϤி
effect would be material, these amounts are stated at their present ϓࠠɽٙᅂᚤࣛdϞᗫಛධܲՉତ࠽
values. ΐሪf

152 Hong Kong Housing Society Annual Report 2017/18