Page 190 - 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)
Financial liabilities (continued) Subsequent measurement (continued)
(a) Financial liabilities at fair value through profit or loss (continued)
Financial liabilities designated upon initial recognition as at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in HKFRS 9 are satisfied. Gains or losses on liabilities designated at fair value through profit or loss are recognised in the comprehensive income, except for the gains or losses arising from the Housing Society’s own credit risk which are presented in other comprehensive income with no subsequent reclassification to the statement of comprehensive income. The net fair value gain or loss recognised in the comprehensive income does not include any interest charged on these financial liabilities.
(b) Financial liabilities other than loans from government
Financial liabilities (including accounts payable and accruals) other than loans from government are subsequently measured at amortised cost, using the effective interest method.
(c) Financial guarantee contracts
Financial guarantee contracts issued by the Housing Society are those contracts that require a payment to be made to reimburse the holder for a loss it incurs because the specified debtor fails to make a payment when due in accordance with the terms of a debt instrument. A financial guarantee contract is recognised initially as a liability at its fair value, adjusted for transaction costs that are directly attributable to the issuance of the guarantee. Subsequent to initial recognition, the Housing Society measures the financial guarantee contracts at the higher of: (i) the ECL allowance determined in accordance with the policy as set out in “Impairment of financial assets”; and (ii) the amount initially recognised less, when appropriate, the cumulative amount of income recognised.
2.4 主要會計政策概要(續) 財務負債(續)
後續計量(續)
(a) 於損益賬以公允價值處理的財務 負債(續)
於初步確認時指定為按公允值入 賬並於損益中處理之財務負債乃 於初步確認日期指定，且僅當符 合香港財務報告準則第九號之條 件時方會作此指定。於損益賬以 公允價值處理的負債盈虧在全面 收益中確認。除因房屋協會自身 信貸風險所產生的收益或虧損會 計入其他全面收益並無後續重新 分類至全面收益表。於全面收益 確認的公允價值淨盈虧不包括就 該類財務負債收取的任何利息。
(b) 政府貸款以外的財務負債
政府貸款以外的財務負債(包括應 付賬項及應計項目)是以實際利息 法在其後年度根據攤銷成本計量。
(c) 財務保證合約
房屋協會發出之財務保證合約乃 要求發行人付款以償付持有人因 特定債務人未能根據債務工具條 款償還到期款項而招致損失之合 約。財務擔保合約初次按公允值 確認為負債，並就發行擔保直接 應佔之交易成本作出調整。於初 步確認後，房屋協會按:(i)「財務 資產減值」所載政策釐定之預期信 貸虧損撥備;及(ii)初步確認之數 額 減( 如 適 用 )累 計 已 確 認 收 入( 以 較高者為準)，計量財務保證合 約。