Page 174 - 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

14. Loans receivable (continued) 14. 應收貸款€ᚃ
Interest rates applicable to the above loans receivable are set out ϞᗫᏐϗ൲ಛٙлଟତΐνɨj
below:

Secured mortgage loans Unsecured loans
Ϟתץۜܲ౧൲ಛ ೌתץۜ൲ಛ
2018 2017 2018 2017

Contractual interest rate Υߒлଟ Prime rate Prime rate 0% to Prime rate 0% to Prime rate
௰Ꮄ౉лଟ ௰Ꮄ౉лଟ 0%Ї௰Ꮄ౉лଟ 0%Ї௰Ꮄ౉лଟ

Effective interest rate ྼሯлଟ Prime rate Prime rate 9.4% 9.5%
௰Ꮄ౉лଟ ௰Ꮄ౉лଟ

The movements in allowance for impairment losses were as follows: ಯ࠽ฦ̰๟௪ٙᜊਗνɨj

(in HK$Million) €ಥ࿆ϵຬʩ 2018 2017
At 1 April ̬˜ɓ˚ 3.1 3.2
Reversed ᅡΫ – (0.1)

Provided ࠇ౤ 0.1 –

At 31 March ɧ˜ɧɤɓ˚ 3.2 3.1

Impairment of the above loans is assessed individually when any ຅࠾ಛɛ͊ঐᎵᒔʬࡈ˜˸ɪ֛ٙᕘ
borrowers are unable to settle overdue installments for more than six ᒔಛࣛd༈൲ಛٙಯ࠽ฦ̰ึ஗ࡈй
months. At the end of the reporting period, the carrying amount of ൙Пf׵జѓಂ͋d஗ࡈй൙Пಯ࠽
these individually assessed loans was HK$3.2 million (2017: HK$3.1 ٙ൲ಛሪࠦ࠽މಥ࿆ɧϵɚɤຬʩ€ɚ
million) and impairment loss of the loans was HK$3.2 million (2017: ཧɓɖϋjಥ࿆ɧϵɓɤຬʩdՉ
HK$3.1 million). ಯ࠽ฦ̰މಥ࿆ɧϵɚɤຬʩ€ɚཧ
ɓɖϋjಥ࿆ɧϵɓɤຬʩf

Thereafter, if the Housing Society determines that no objective Չܝd຅ג܊՘ึႩ֛ࡈй൙П൲ಛ
evidence of impairment exists for an individually assessed loans Ԩೌ܄ᝈಯ࠽ᗇኽdϤഃ൲ಛ€ೌሞ
receivable, whether significant or not, it includes the asset in a group ࠠɽၾщਗ਼ၾՉ˼Ϟ޴Чڦ൲ࠬᎈ
of loans receivable with similar credit risk characteristics with ٙ൲ಛᓥᗳdՉ൲ಛٙಯ࠽๟௪ึܲ
reference to borrowers’ historical default in interest or principal Ϥᗳ൲ಛ٫ཀֻίлࢹא͉ږ׮˞ઋ
payment and collectively assesses them for impairment. رЪ̈ၝΥ൙Пf

At 31 March 2017 and 2018, the carrying values of loans that are past ׵ɚཧɓɖϋʿɚཧɓɞϋɧ˜
due but not impaired are insignificant. For loans that are neither past ɧɤɓ˚dג܊՘ึԨӚϞࠠɽཀಂ
due nor impaired, their credit quality is considered good since ᒔಛϾ͊ಯ࠽ٙ൲ಛfϾӚϞགྷಂᒔ
majority of the loans are secured by residential properties and have ಛאಯ࠽ฦ̰ٙ൲ಛd̙஗ൖމԄλ
good settlement history. During the year, there has been no ڦ൲dΪɽ௅ʱٙ൲ಛ݊˸Иσيุ
significant change in the credit quality. ЪתץձϞԄλᒔಛা፽fί͉ϋ
ܓd༈ഃ൲ಛٙڦ൲ሯ९݊ӚϞࠠɽ
ٙᔷᜊf

172 Hong Kong Housing Society Annual Report 2017/18