Page 180 - 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

20. Provisions 20. 準備

(c)
(b) Building
(a) Provision management/
Revitalisation for financial maintenance
work guarantee incentives Total
ᅽρ၍ଣʿ
(in HK$Million) €ಥ࿆ϵຬʩ ݺʷʈ೻ ৌਕڭᗇ๟௪ ၪࡌ༟п ᐼᕘ
At 1 April 2017 ɚཧɓɖϋ̬˜ɓ˚ 41.8 90.5 26.7 159.0

Amount provided ౤ᅡ๟௪ 0.4 – 8.3 8.7
Amount reversed ๟௪ᅡΫ (7.4) (9.2) (1.5) (18.1)
Amount utilised ʊ༶͜ږᕘ (1.5) – (14.5) (16.0)

At 31 March 2018 ɚཧɓɞϋɧ˜ɧɤɓ˚ 33.3 81.3 19.0 133.6

The followings are the key assumptions concerning the future, and ɨ˖༉ࠑϞᗫ͊Ըٙ˴ࠅ৿ணʿ׵జ
other key sources of estimation uncertainty at the end of the ѓಂ͋Չ˼Пࠇʔᆽ֛Ϊ९ʘ˴ࠅԸ
reporting period. ๕f

(a) Revitalisation work (a) 活化工程
Provision is made for revitalisation works of committed social ݺʷʈ೻ϓ͉๟௪݊މʊוዄ
projects. Related payments are expected to be incurred within ٟึධͦʕٙݺʷʈ೻Ъ̈๟
the next three financial years. ௪fɽ௅ʱٙ˕̈ཫࠇึ׵Չ
ܝٙɧࡈৌ݁ϋܓʫ೯͛f

Management estimates the amount of revitalisation works ၍ଣᄴ࣬ኽϞᗫܔጘΥߒʘ௰
based on the latest available budgets of the construction อཫၑdԨਞϽӊධܔጘΥߒ
contracts with reference to the overall performance of each ʘ዆᜗ڌତdПࠇݺʷʈ೻ʘ
construction contract. Construction costs which mainly ږᕘfПࠇܔጘϓ͉€˴ࠅܼ̍
comprise subcontracting charges and costs of materials are ʱ̍Υߒ൬͜ʿҿࣘϓ͉͟၍
estimated by the management on the basis of quotations from ଣᄴ˸הऒʿ˴ࠅוܔਠŊԶ
time to time provided by the major contractors/suppliers/ ᏐਠŊር˙ʔࣛ౤Զʘజᄆʿ
vendors involved and the experience of the management. In ၍ଣᄴʘ຾᜕މਿ๟ϾՓࠈf
cases where the actual future costs are different from the νਗ਼Ըྼყϓ͉ၾПࠇϞ਋ࢨd
expected, an adjustment to the carrying amount of the Չ̙ঐˏߧ๟௪ٙሪࠦᄆ࠽Ϟ
provision may arise. ሜ዆f

178 Hong Kong Housing Society Annual Report 2017/18