Page 181 - 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

20. Provisions (continued) 20. 準備€ᚃ
(b) Provision for financial guarantee (b) 財務保證準備
In relation to the sales of properties, the Housing Society has ג܊՘ึಀࠅӋვБމՉ̈ਯ
requested a number of mortgage banks to grant the يุٙ൯࢕ҭ̈ᅽᄆɖϓ˸ɪ
purchasers mortgage loans up to above 70% of the price of the ʘܲ౧dϤτર˿ג܊՘ึ඲
properties. Provision for claims in the event of default was ౤ᅡ๟௪˸ᎵᒔვБΪᕸሪϾ
therefore made to indemnify the banks for losses arising from ඲וዄٙฦ̰fϤוዄಂࠢމ
the request. The guarantee period is 20 to 30 years. ɚɤЇɧɤϋf

At 31 March 2018, total contingent liabilities in respect of the ׵ɚཧɓɞϋɧ˜ɧɤɓ˚d
guarantee are estimated to be approximately HK$1,185.1 ПࠇϞᗫא್ࠋවމಥ࿆
million (2017: HK$2,089.8 million) which could be required to ɤɓᄂɞɷʞϵɓɤຬʩ€ɚཧ
be settled on demand. ɓɖϋj ಥ࿆ɚɤᄂཧɞɷ
ɘϵɞɤຬʩdԨϞуࣛ૶ᖮ
̙ٙঐf

Based on expectations at the end of the reporting period, the ࣬ኽ׵జѓಂ͋ٙПࠇdৌਕ
carrying amount of the financial guarantee as at 31 March 2018 ڭᗇ׵ɚཧɓɞϋɧ˜ɧɤɓ
is subject to change depending on the probability of the ˚ٙሪࠦᄆ࠽d݊ึΪʹ׸࿁
counterparty claiming under the guarantee which is a function ˓ίவৌਕڭᗇʕረʚٙ॰Ꮅ
of the likelihood that the financial receivables held by the ᛆٙ॰ᎵዚึଟϾҷᜊd॰Ꮅ
counterparty which are guaranteed suffer credit losses. Should ዚึଟ՟Ӕ׵ʹ׸࿁˓ΪܵϞ
the actual credit losses be different from the expected, an աڭᗇٙᏐϗৌਕϾኬߧٙڦ
adjustment to the carrying amount of the provision may arise. ൲ฦ̰̙ٙঐ׌fνਗ਼Ըڦ൲
ฦ̰ၾПࠇϞ਋ࢨdՉ̙ঐˏ
ߧ๟௪ٙሪࠦᄆ࠽Ϟሜ዆f

(c) Building management/maintenance incentives (c) 樓宇管理及維修資助
Under the Building Management and Maintenance Scheme, ᅽρ၍ଣʿၪࡌ༟пࠇྌމΥ
eligible applicants will be granted financial assistance when ༟ࣸٙ͡ሗɛ౤ԶϞᗫٙৌਕ
they satisfy certain criteria. Management estimates and ༟пf຅͡ሗᐏҭࣨܝd၍ଣ
provides for the amount of incentives when the applications ᄴПࠇʿᅡ௪ᅽρ၍ଣʿၪࡌ
are approved. Should the actual maintenance expenses be ʘ༟пږᕘfνਗ਼Ըྼყ༟п
different from the expected, adjustment to the carrying ၾПࠇϞ਋ࢨdՉ̙ঐˏߧ๟
amount of the provision may arise. ௪ٙሪࠦᄆ࠽Ϟሜ዆f

香港房屋協會2017/18年度年報 179