Page 150 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2019 年報

148 audited Financial Statements 已審核財務報表

NOtES tO tHE FiNANCiAl StAtEMENtS
財務報表附註

2.4 Summary of significant accounting policies 2.4 主要會計政策概要（續）

(continued)
impairment of financial assets (policies under HKFRS 9 財務資產減值（香港財務報告準則
applicable from 1 April 2018) 第九號的政策自二零一八年四月
一日起適用）
The Housing Society recognises an allowance for expected credit 房屋協會就所有非以按公允值入賬並
losses (the “ECLs”) for all debt instruments not held at fair value 於損益中處理之方式持有的債務工具
through profit or loss. ECLs are based on the difference between the 確認預期信貸虧損（「預期信貸虧損」）
contractual cash flows due in accordance with the contract and all 撥備。預期信貸虧損以按照合約到期
the cash flows that the Housing Society expects to receive, 之合約現金流與房屋協會預期收取之
discounted at an approximation of the original effective interest rate. 所有現金流兩者之差額為基準，並按
The expected cash flows will include cash flows from the sale of 與原實際利率相若之利率貼現。預期
collateral held or other credit enhancements that are integral to the 現金流將包括出售所持抵押品或構成
contractual terms. 合約條款組成部分的其他增信安排之
現金流。

general approach 一般方法
ECLs are recognised in two stages. For credit exposures for which 預期信貸虧損分兩個階段確認。就自
there has not been a significant increase in credit risk since initial 初步確認以來信貸風險並無大幅增加
recognition, ECLs are provided for credit losses that result from 之信貸敞口而言，房屋協會會為未來
default events that are possible within the next 12-months (a 十二個月內可能發生之違約事件所產
12-month ECL). For those credit exposures for which there has been 生之信貸虧損（十二個月預期信貸虧
a significant increase in credit risk since initial recognition, a loss 損）計提信貸虧損撥備。就自初步確
allowance is required for credit losses expected over the remaining 認以來信貸風險大幅增加之信貸敞口
life of the exposure, irrespective of the timing of the default (a lifetime 而言，房屋協會須就預期於敞口餘下
ECL). 年期產生之信貸虧損計提虧損撥備，
而不論違約之時間（全期預期信貸虧
損）。

At each reporting date, the Housing Society assesses whether the 於各報告日期，房屋協會會評估財務
credit risk on a financial instrument has increased significantly since 工具之信貸風險自初步確認以來有否
initial recognition. When making the assessment, the Housing Society 大幅增加。當進行此評估時，房屋協
compares the risk of a default occurring on the financial instrument 會會比較該財務工具於報告日期及於
as at the reporting date with the risk of a default occurring on the 初步確認日期出現之違約風險，並會
financial instrument as at the date of initial recognition and considers 考慮無須花費過多成本或精力即可獲
reasonable and supportable information that is available without 得的合理而具理據支持之資料，包括
undue cost or effort, including historical and forward-looking 歷史及前瞻性資料。
information.

Hong Kong Housing Society Annual Report 2018/19