Page 194 - 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)
Revenue recognition (continued)
Revenue from contracts with customers (continued)
When the contract contains a financing component which provides the customer with a significant benefit of financing the transfer of goods or services to the customer for more than one year, revenue is measured at the present value of the amount receivable, discounted using the discount rate that would be reflected in a separate financing transaction between the Housing Society and the customer at contract inception. When the contract contains a financing component which provides the Housing Society with a significant financial benefit for more than one year, revenue recognised under the contract includes the interest expense accreted on the contract liability under the effective interest method. For a contract where the period between the payment by the customer and the transfer of the promised goods or services is one year or less, the transaction price is not adjusted for the effects of a significant financing component, using the practical expedient in HKFRS 15.
(a) Sales of properties
Revenue arising from the sale of properties held for sale is recognised when the buyers obtain the legal title of the completed property. Deposits and instalments received on properties sold prior to the date of revenue recognition are included in the statement of financial position under forward sales deposits received.
(b) Render of service
Revenue from provision of property management service is recognised over the scheduled period on a straight-line basis because the customer simultaneously receives and consumes the benefits provided by the Housing Society.
Revenue from other sources
Rental income and facilities rental income is recognised on a time proportion basis over the lease terms. Variable lease payments that do not depend on an index or a rate are recognised as income in the accounting period in which they are incurred.
2.4 主要會計政策概要(續) 收入確認(續)
來自客戶合同之收入(續)
當合約包含有關向客戶轉移貨品或服務 作出多於一年的融資而向客戶提供重大 利益的融資要素，收入按應收款項的現 值計量，並按於合約開始生效時房屋協 會與客戶的個別融資交易所反映的貼現 率貼現。當合約包含有關向房屋協會提 供重大財務利益多於一年的融資要素， 於合約下確認的收入包括於實際利率法 下合約負債所產生的利息開支。有關由 客戶支付至轉移承諾貨品或服務期間為 一年或以下的合約，因採用財務報告準 則第十五號的可行權宜方法，交易價格 不會因應重大融資要素的影響作出調 整。
(a) 物業出售
物業出售收入於買家取得已竣工 物業的法定所有權時確認。在確 認收入當日前就物業出售收取的 訂金和分期付款則記入財務狀況 表的已收預售樓宇訂金內。
(b) 提供服務
提供物業管理服務的收入於預定 期間按直線基準確認，因客戶同 時取得並耗用房屋協會所提供之 利益。
其他來源收入
租金收入和設施租金收入按租期以時間 比例確認。不依賴於指數或比率的可變 租賃付款於其產生的會計期間內確認為 收入。