Page 191 - 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
189
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)
Derecognition of financial liabilities
Financial liabilities are removed from the Housing Society’s statement of financial position when the obligation specified in the relevant contract is discharged, cancelled or expires. The difference between the carrying amount of the financial liability derecognised and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised in the comprehensive income.
Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.
Properties under development for sale
Properties under development for sale in the ordinary course of business are stated at the lower of cost and net realisable value.
The cost of properties under development for sale comprises specifically identified cost, including the acquisition cost of land, aggregate cost of development, materials and supplies, wages and other direct expenses capitalised, and an appropriate proportion of overheads and borrowing costs capitalised. Net realisable value represents the estimated selling price, based on prevailing market conditions, less estimated costs of completion and costs to be incurred in selling the property.
Housing inventories
Housing inventories represent completed properties held for sale and are stated at the lower of cost and net realisable value.
2.4 主要會計政策概要(續) 取消確認財務負債
當財務負債合約之特定責任獲解除、取 消或到期，該負債會被取消確認及在房 屋協會的財務狀況表中被刪除。取消確 認之財務負債賬面值與已付代價之差 額，包括任何非現金資產或負債承擔， 乃於全面收益內確認。
抵銷財務工具
當現時存在一項可依法強制執行之權利 可抵銷已確認金額，且亦有意以淨額結 算或同時變現資產及償付債務時，則財 務資產及財務負債可予抵銷，而其淨額 於財務狀況表內呈報。
作出售用途的發展中物業
待建成後用作出售用途的發展中物業乃 以成本值及套現淨值的較低者入賬。
發展中物業的成本包括可明確識別之成 本，包括土地收購成本、累計發展、物 料及供應品成本、工資和已資本化之其 他直接費用、及按合理基準分配的經營 費用和已資本化之借貸成本。可變現淨 值 為 估 計 售 價( 根 據 當 時 市 場 情 況 )減 去 完成交易之估計成本及於銷售物業時所 需產生之估計成本。
樓宇存貨
樓宇存貨乃持作出售的物業，以成本值 及可套現淨值的較低者入賬。