Page 163 - 香港房屋協會 Hong Kong Housing Society Annual Report 2020/2021

香港房屋協會 2020/21 年度年報
161
INDEPENDENT AUDITOR’S REPORT 獨立核數師報告書
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For the matter below, our description of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in the Auditor’s responsibilities for the audit of the financial statements section of our report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to respond to our assessment of the risks of material misstatement of the financial statements. The results of our audit procedures, including the procedures performed to address the matter below, provide the basis for our audit opinion on the accompanying financial statements.
Impairment of investment properties
Included in the Housing Society’s investment properties are certain rental estates and properties built on land granted by the government (the “Rental Estates and Properties”). The aggregate net carrying value of the Rental Estates and Properties was HK$5,928.9 million as at 31 March 2021 and they are carried at cost less subsequent accumulated depreciation and impairment losses. An impairment loss of HK$319.6 million was recognised in the statement of comprehensive income during the year.
At the end of the reporting period, management performed an impairment assessment on the Rental Estates and Properties. Their recoverable amounts were estimated based on value- in-use calculation. The impairment assessment of the Rental Estates and Properties is significant to our audit due to the significant judgements and estimates involved in the determination of the value-in-use calculation with respect to the cash flow projection based on the financial budget approved by the Executive Committee.
Disclosures in relation to the investment properties are included in notes 2.4, 3 and 12 to the financial statements.
關鍵審計事項
關鍵審計事項是根據我們的專業判斷，認為 對本期財務報表的審計最為重要的事項。這 些事項是在對財務報表整體進行審計並形成 意見的背景下進行處理的，我們不對這些事 項提供單獨的意見。我們對下述事項在審計 中是如何應對的描述也以此為背景。
我們已經履行了本報告核數師就審計財務報 表承擔的責任 部分闡述的責任，包括與這些 關鍵審計事項相關的責任。相應地，我們的 審計工作包括執行為應對評估的財務報表重 大錯誤陳述風險而設計的審計程序。我們執 行審計程序的結果，包括應對下述關鍵審計 事項所執行的程序，為財務報表整體發表審 計意見提供了基礎。
投資物業的減值
房屋協會的投資物業包括政府授予的土地 上建造的若干出租屋邨及物業(「出租屋 邨及物業」)。於二零二一年三月三十一 日，出租屋邨及物業之賬面淨值總額為港 幣五十九億二千八百九十萬元，並按成 本減其後累計折舊及減值虧損列賬。本 年度，在全面收益表中已確認減值港幣 三億一千九百六十萬元。
於報告期末，管理層為出租屋邨及物業進行 減值評估。其可收回金額根據使用價值計算 釐定。出租屋邨及物業的減值評估對我們的 審計非常重要，由於根據執行委員會批准的 財務預算釐定有關現金流量預測的使用價值 計算所涉及的重大判斷及估計。
相關披露已包括在財務報表附註二點四， 三及十二。