Page 155 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2019 年報

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

(continued)
Financial liabilities (policies under HKFRS 9 applicable 財務負債（自二零一八年四月一日
from 1 April 2018 and HKAS 39 applicable before 1 起應用香港財務報告準則第九號
April 2018) (continued) 之政策及自二零一八年四月一日
前應用香港會計準則第三十九號
之政策）
（續）
Subsequent measurement (continued) 後續計量（續）
(d) Financial guarantee contracts (policies under HKFRS 9 (d) 財務保證合約（自二零一八年四
applicable from 1 april 2018) 月一日起應用香港財務報告準
則第九號之政策）
Financial guarantee contracts issued by the Housing Society 房屋協會發出之財務保證合約
are those contracts that require a payment to be made to 乃要求發行人付款以償付持有
reimburse the holder for a loss it incurs because the specified 人因特定債務人未能根據債務
debtor fails to make a payment when due in accordance with 工具條款償還到期款項而招致
the terms of a debt instrument. A financial guarantee contract 損失之合約。財務擔保合約初
is recognised initially as a liability at its fair value, adjusted for 次按公允值確認為負債，並就
transaction costs that are directly attributable to the issuance 發行擔保直接應佔之交易成本
of the guarantee. Subsequent to initial recognition, the 作出調整。於初步確認後，房
Housing Society measures the financial guarantee contracts at 屋 協 會 按：(i) 「 財 務 資 產 減 值
the higher of: (i) the ECL allowance determined in accordance （由二零一八年四月一日起適用
with the policy as set out in “Impairment of financial assets 之香港財務報告準則第九號下
(policies under HKFRS 9 applicable from 1 April 2018)”; and (ii) 之政策）」所載政策釐定之預期
the amount initially recognised less, when appropriate, the 信貸虧損撥備；及(ii) 初步確認
cumulative amount of income recognised. 之數額減（如適用）累計已確認
收入（以較高者為準），計量財
務保證合約。

(e) Financial guarantee contracts (policies under HKaS 39 (e) 財務保證合約（自二零一八年四
applicable before 1 april 2018) 月一日前應用香港會計準則第
三十九號之政策）
A financial guarantee contract is a contract that requires the 財務保證合約乃要求發行人就
issuer to make specific payments to reimburse the holder for a 保證持有人因指定債務人未能
loss it incurs because a specified debtor fails to make payment 根據債務工具的原有或經修訂
when due in accordance with the original or modified terms of 條款支付到期款項而蒙受損失
a debt instrument. A financial guarantee contract issued by the 時，向持有人償付指定款項的
Housing Society and not designated as at fair value through 合約。房屋協會所發出的財務
profit or loss is subsequently measured at the higher of: (i) the 保證合約，沒有被指定為於損
amount determined in accordance with HKAS 37 — Provisions, 益賬以公允價值處理，其後的
contingent liabilities and contingent assets; and (ii) the amount 保證數額會按以下兩者之間較
initially recognised less, when appropriate, cumulative 高列 賬：(i)按香 港會 計準則第
amortisation recognised in accordance with HKAS 18 Revenue. 三十七號 — 準備、或然負債及
或有資產規定計算之價值；和
(ii) 按香港會計準則第十八號 —
營業收入 以最初確認價值在適
當時減去累積攤銷。

香港房屋協會 2018/19 年度年報