Page 184 - 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)
Investment properties (continued)
An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use or no future economic benefits is expected from its disposals. 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 the comprehensive income in the year in which the asset is derecognised.
For a transfer from investment properties to owner- occupied properties, the deemed cost of a property for subsequent accounting is its carrying value at the date of change in use. If a property occupied by the Housing Society as an owner-occupied property becomes an investment property, the Housing Society accounts for such property in accordance with the policy stated under “Property and equipment and depreciation” for owned property up to the date of change in use.
Investments and other financial assets
Initial recognition and measurement
Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, and fair value through profit or loss.
The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Housing Society’s business model for managing them. With the exception of account receivables that do not contain a significant financing component or for which the Housing Society has applied the practical expedient of not adjusting the effect of a significant financing component, the Housing Society initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Account receivables that do not contain a significant financing component or for which the Housing Society has applied the practical expedient are measured at the transaction price determined under HKFRS 15 in accordance with the policies set out for “Revenue recognition” below.
2.4 主要會計政策概要(續) 投資物業(續)
當投資物業出售、永久不再使用或預期 不會帶來經濟利益時，該投資物業會被 取消確認。因取消確認而獲得的溢利或 虧損(按該項資產的出售收入淨額及其 賬面值的差額計算)會於取消確認年度 的全面收益內確認入賬。
倘投資物業轉撥為自用物業，該物業於 更改用途當日的賬面值視作其後續會計 處理的成本。如果房屋協會一項自用物 業轉換成投資物業，則房屋協會根據
「物業及設備和折舊」下規定的政策對 該物業進行會計處理直至其用途改變之 日。
投資及其他財務資產
初步確認和計量
財務資產於初步確認時分類，其後按攤 銷成本計量，而公允值則以損益計。
初始確認時的財務資產分類取決於財務 資產的合約現金流量特徵以及房屋協會 管理它們的業務模式。除應收賬項不包 含重大融資成分或房屋協會已採用不調 整重大融資成分影響的實際權宜之外， 房屋協會初步計量財務資產按公允價值 計量，加上財務資產不以公允價值計量 且其變動計入當期損益的交易費用。不 包含重大融資成分或房屋協會已採用實 際權宜之計的應收賬項按香港財務報告 準則第十五號所確定的交易價格按照下 文「收入確認」所載政策計量。