Page 180 - 香港房屋協會 Hong Kong Housing Society Annual Report 2020/2021

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HONG KONG HOUSING SOCIETY ANNUAL REPORT 2020/21
2.4 Summary of significant accounting policies
(continued)
Property and equipment and depreciation
Property and equipment held for use in the production or supply of goods or services, or for administrative purposes are stated at cost less subsequent accumulated depreciation.
Depreciation is provided to write off the cost of items of property and equipment over the estimated useful lives, using the straight-line method at the following rates per annum:
2.4 主要會計政策概要(續) 物業及設備和折舊
持作生產或提供商品或服務或作行政用 途的物業及設備乃按原值減去其後累計 折舊列出。
折舊乃將物業及設備的價值以直線方法 按其估計可使用年期，依照下列折舊年 率撇除:
批租土地 地契所剩餘年期
樓宇 按估計可使用年期(即四十 年)或該樓宇的地契所剩餘
年期二者的較短者
設備 百分之二十至百分之二十五
當物業或設備被出售，或估計在其被使 用時未能帶來經濟收益，該等物業及設 備會被取消確認。在取消確認時所產生 的溢利或虧損，即出售資產淨收入與資 產所持價值的差額，於取消確認年度內 在全面收益內確認入賬。
租賃
於訂立合約時，房屋協會會評估合約是 否為或包含租賃。倘合約為換取代價而 給予在一段時間內控制可識別資產使用 的權利，則該合約是租賃或包含租賃。
房屋協會作為承租人
房屋協會對所有租賃採用單一確認及計 量方法，惟短期租賃及低價值資產租賃 除外。房屋協會會確認用於支付租賃款 項的租賃負債及代表相關資產使用權的 使用權資產。
Leasehold land Buildings
Equipment
Over the unexpired period of the land lease
Over the estimated economic useful lives of 40 years or the unexpired period of the land lease, whichever is shorter
20 per cent – 25 per cent
An item of property and equipment is derecognised upon disposal or when no future economic benefits is expected to arise from the continued use of the asset. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in comprehensive income in the year in which the asset is derecognised.
Leases
The Housing Society assesses at contract inception whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
The Housing Society as a lessee
The Housing Society applies a single recognition and measurement approach for all leases, except for short- term leases and leases of low-value assets. The Housing Society recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets.