Page 157 - 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

3. Significant accounting estimates (continued) 3. 主要會計估計€ᚃ
Estimation uncertainty (continued) 估計的不明朗因素€ᚃ
Impairment of non-financial assets 非財務資產減࠽
The Housing Society assesses whether there are any indicators of ג܊՘ึ൙П΢జѓಂ͋݊щπίה
impairment for all non-financial assets at the end of each reporting Ϟڢৌਕ༟ପٙಯ࠽༦൥dԨίϞ༦
period and they are tested for impairment when there are indicators ൥ᜑͪሪࠦ࠽̙ঐೌجϗΫࣛආБಯ
that the carrying amounts may not be recoverable. An impairment ࠽಻༊fࡊ༟ପאତږପ͛ఊЗٙሪ
exists when the carrying value of an asset or a cash-generating unit ࠦ࠽൴ཀՉ̙ϗΫږᕘ€уՉʮ̻࠽
exceeds its recoverable amount, which is the higher of its fair value ಯ̈ਯϓ͉ʿՉԴ͜ᄆ࠽Շ٫ʕٙ༰
less costs of disposal and its value in use. The calculation of the fair ৷٫dۆπίಯ࠽fʮʪᄆ࠽ಯቖ
value less costs of disposal is based on available data from binding ਯϓ͉ٙࠇၑਿ׵ʮ̻ʹ׸ʕՈϞᗳ
sales transactions in an arm’s length transaction of similar assets or Ч༟ପٙߒҼ׌ቖਯʹ׸̙ٙ͜ᅰኽ
observable market prices less incremental costs for disposing of the א̙ᝈ࿀̹ఙᄆࣸಯ̘ஈໄ༈༟ପٙ
asset. When value in use calculations are undertaken, management ᄣඎϓ͉f຅ආБԴ͜ᄆ࠽ࠇၑࣛd
must estimate the expected future cash flows from the asset or ၍ଣᄴ̀඲Пࠇ༟ପאତږପ͛ఊЗ
cash-generating unit and choose a suitable discount rate in order to ٙཫಂ͊ԸତږݴඎdԨ፯኿Υቇٙ
calculate the present value of those cash flows. ұତଟ˸ࠇၑ༈ഃତږݴඎٙତ࠽f

4. Capital risk management 4. 資本風險管理
The Housing Society’s capital comprises primarily the surplus ג܊՘ึٙ༟͉˴ࠅ݊ՉІϓͭ˸Ը
accumulated since its establishment and its objective when הଢ଼ጐٙޮቱfՉ༟͉၍ଣٙͦٙ݊
managing capital is to ensure that the Housing Society will be able to ࠅᆽڭג܊՘ึঐܵᚃ຾ᐄԨމ࠰ಥ
continue as a going concern so that it can continue to provide quality ٟึ౤ԶᎴሯג܊ʿ؂ਕf
housing and services for the Hong Kong community.

Given that the Housing Society’s funding is mainly raised internally, ᛠ׵ג܊՘ึٙ༟ږ˴ࠅ݊ʫ௅ᘪ
the policies on capital risk management are therefore focused on ණdה˸༟͉ࠬᎈ၍ଣ݁ഄٙࠠᓃ݊
how to preserve the surplus funds in order to achieve the above νОڭवޮቱ༟ږd˸༺Ցɪࠑ༟͉
capital management objective. Related policies on preserving the ၍ଣͦᅺfϞᗫڭवޮቱ༟ږٙ޴ᗫ
surplus funds are set out in note 5. ݁ഄ༱׵ڝൗʞf

香港房屋協會2017/18年度年報 155