Page 180 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2019 年報

178 audited Financial Statements 已審核財務報表

NOtES tO tHE FiNANCiAl StAtEMENtS
財務報表附註

12. investment properties (continued) 12. 投資物業（續）
Commercial and residential premises 竣工商業及住宅樓宇
The carrying value and fair value of completed commercial and 竣工商業及住宅樓宇的賬面值及公允
residential premises at 31 March 2019 were HK$3,985.0 million (2018: 價值分別為港幣三十九億八千五百萬
HK$4,088.1 million) and HK$12,308.7 million (2018: HK$11,448.8 元（ 二 零 一 八 年： 港 幣 四 十 億 八 千
million) respectively. 八百一十萬元）及港幣一百二十三億
零八百七十萬元（二零一八年：港幣
一百一十四億四千八百八十萬元）。

The fair value of completed commercial and residential premises at 竣工商業及住宅樓宇於二零一九年及
31 March 2019 and 2018 have been arrived at on the basis of a 二零一八年三月三十一日的公 允 價
valuation carried out on that date by an in-house professional 值，是由內部專業測量師於當日進行
surveyor. The investment properties have been valued individually, 估值。投資物業乃遵守香港測量師學
on a market value basis, which conforms to Hong Kong Institute of 會物業估值準則個別地按市值進行重
Surveyors Valuation Standards on Properties. The valuation involves 估。該估值使用之重大數據乃市場數
the use of certain significant inputs for which the market data are not 據未能提供之輸入數據。該投資物業
available. The fair value measurement of the investment properties 之公允價值計量根據香港財務報告準
falls into Level 3 of the fair value hierarchy as defined in HKFRS 13. 則第十三號「公允價值計量」被界定
The valuation was mainly arrived at by reference to comparable 為第三級估值。該估值乃參考相若物
market transactions for similar properties and on the basis of 業之市場交易及按收入淨額資本化，
capitalisation of net income with due allowance for the reversionary 並計入租賃期滿後收入調整及重建之
income and redevelopment potential. 可能性。

Hong Kong Housing Society Annual Report 2018/19