Page 185 - 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
183
AUDITED FINANCIAL STATEMENTS 已審核財務報表 NOTES TO THE FINANCIAL STATEMENTS 財務報表附註
2.4 Summary of significant accounting policies
(continued)
Investments and other financial assets (continued) Initial recognition and measurement (continued)
In order for a financial asset to be classified and measured at amortised cost, it needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the business model.
The Housing Society’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortised cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows, while financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective of both holding to collect contractual cash flows and selling. Financial assets which are not held within the aforementioned business models are classified and measured at fair value through profit or loss.
All regular way purchases and sales of financial assets are recognised on the trade date, that is, the date that the Housing Society commits to purchase or sell the asset. Regular way purchases or sales are purchase or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace.
2.4 主要會計政策概要(續) 投資及其他財務資產(續)
初步確認和計量(續)
為了按攤餘成本對財務資產進行分類 和計量，需要產生現金流量，這些現 金流量僅為本金和未償還本金的利息
(「SPPI」)。其現金流量並非粹為SPPI 之財務資產乃按公允價值計入損益，而 不論其業務模式如何。
房屋協會的財務資產管理業務模式是指 如何管理其財務資產以產生現金流。業 務模式確定現金流量是否來自收集合同 現金流量，出售財務資產，或兩者兼而 有之。按攤銷成本分類及計量的財務資 產乃於以持有財務資產以收取合約現金 流量為目的的業務模式中持有，而按公 允價值計入其他全面收益分類及計量的 財務資產則於以持有以收取合約現金流 量及銷售為目的的業務模式中持有。不 在上述業務模式中持有的財務資產乃按 公允價值計入損益分類及計量。
所有常規方式的財務資產購買和出售均 在交易日確認，即房屋協會承諾購買或 出售資產的日期。以常規方式買賣指於 市場規定或慣例一般規定的期間內交付 資產的財務資產買賣。