Page 182 - 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)
Leases (continued)
The Housing Society as a lessee (continued)
(b) Lease liabilities
Lease liabilities are recognised at the commencement date of the lease at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in- substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Housing Society and payments of penalties for termination of a lease, if the lease term reflects the Housing Society exercising the option to terminate the lease. The variable lease payments that do not depend on an index or a rate are recognised as an expense in the period in which the event or condition that triggers the payment occurs.
In calculating the present value of lease payments, the Housing Society uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a lease modification, a change in the lease term, a change in lease payments (e.g. a change to future lease payments resulting from a change in an index or rate) or a change in assessment of an option to purchase the underlying asset.
The Housing Society as a lessor
When the Housing Society acts as a lessor, it classifies at lease inception (or when there is a lease modification) each of its leases as either an operating lease or a finance lease.
2.4 主要會計政策概要(續) 租賃(續)
房屋協會作為承租人(續)
(b) 租賃負債
租賃負債於租賃開始日期按於租 賃期內作出之租賃付款現值確 認。租賃付款包括固定付款(包 括實質固定付款)減任何應收租賃 優惠、取決於某一指數或比率之 可變租賃付款及預期根據在剩餘 價值擔保之金額。租賃付款亦包 括房屋協會合理確定行使購買選 擇權之行使價，並倘租賃期反映 了房屋協會行使終止租賃的選擇 權，則須就終止租賃支付罰款。 並非取決於某一指數或比率之可 變租賃付款於觸發付款之事件或 狀況出現期間確認為一項開支。
於計算租賃付款現值時，由於租 賃中所隱含之利率不易釐定，故 房屋協會於租賃開始日期使用增 量借款利率。於開始日期之後， 租賃負債的金額會增加，以反映 利息的增加，並就所作出的租賃 付款作出調減。此外，倘存在修 改租賃、租期的變動、租賃付款 的變動(例如因指數或比率變動而 導致的未來租賃付款發生變動)或 購買相關資產的選擇權評估的變 動，則會重新計量租賃負債的賬 面值。
房屋協會作為出租人
當房屋協會作為出租人時，會在租賃開 始 時( 或 在 修 改 租 賃 時 )將 其 各 項 租 賃 分 類為經營租賃或融資租賃。