Page 170 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報
P. 170
AUDITED FINANCIAL STATEMENTS 已審核財務報表
Notes to the Financial Statements
財務報表附註
12. Investment properties (continued) 12. 投資物業ᚃ
The above figures include leasehold land situated in Hong Kong. The ɪࠑᅰοʊܼ̍З࠰ಥٙҭॡɺ
leasehold land under development is held under a medium-term ήf͍ί೯࢝ʕٙҭॡɺή˸ʕಂॡ
lease while the leasehold land for completed/purchased properties ߒܵϞdϾംʈŊᒅ൯يุٙҭॡɺ
comprises: ήܼ̍j
(in HK$Million) ಥ࿆ϵຬʩ 2018 2017
Long lease (over 50 years) ڗಂ۰ߒεʞɤϋ 1,267.5 1,269.0
Medium-term lease (10 to 50 years) ʕಂ۰ߒɤЇʞɤϋ 2,812.5 2,903.8
4,080.0 4,172.8
(a) Impairment loss (a) 減࠽
At the end of the reporting period, the Housing Society జѓಂ͋dג܊ึ൙Пə
assessed the recoverable amounts of investment properties of يุॡ༣ʱٙҳ༟يุʕٙ
the property leasing segment and identified the occurrence of ̙ϗΫᅰᕘԨ࣬ኽՉɺήॡ༣
irrecoverable construction costs related to a property under ಂ͊Ըତږݴඎұତᆽ֛ၾ೯
development based on its future discounted cash flows along ࢝ʕيุᗫٙʔ̙ϗΫܔጘ
the land lease term. As a result, the carrying amount of a ϓ͉fΪϤdɓධ೯࢝ʕيุ
property under development was written down to HK$67.5 ٙሪࠦږᕘಯЇಥ࿆
million (2017: HK$ Nil). Impairment loss of HK$100.2 million ʬɷɖϵʞɤຬʩɚཧɓɖ
(2017: HK$136.4 million) was recognised for the “Properties ϋjಥ࿆ཧʩfމᅰಥ࿆ɓᄂ
under development” under “Investment properties ཧɚɤຬʩɚཧɓɖϋjಥ࿆
impairment” in the comprehensive income. ɓᄂɧɷʬϵ̬ɤຬʩٙ೯
࢝ʕيุಯ࠽Όࠦϗूʘ
ҳ༟يุಯ࠽ʕᆽႩf
The recoverable amounts of the properties under development ೯࢝ʕيุ̙ٙϗΫږᕘ࣬ኽ
are determined by using value-in-use calculation. The discount Դ͜ᄆ࠽جࠇၑf༈ࠇၑԴ͜
rate used in the calculation was 4% (2017: 4%). ٙұତଟމϵʱʘ̬ɚཧɓɖ
ϋjϵʱʘ̬f
168 Hong Kong Housing Society Annual Report 2017/18
