Page 169 - Hong Kong Housing Society Annual Report 2023/24

INDEPENDENT AUDITOR’S REPORT 獨立核數師報告書

Key audit matters (continued) 關鍵審計事項 （續）
How our audit addressed the key audit matter 該事項在我們審計中是如何應對的

In evaluating management’s impairment assessment, we 在評估管理層的減值評估時，我們邀請我們
involved our valuation specialists to assist us in evaluating 的估值專家協助我們以抽樣方式評估由房屋
the valuation methodology and key parameters, including the 協會管理層編制的估值方法和關鍵參數，包
discount rate, prepared by management of the Housing Society, 括折現率。我們的程序亦包括根據我們對房
on a sample basis. Our procedures also included assessment of 屋協會業務及發展計劃的認識評估主要假
the key assumptions such as the budgeted rental price, growth 設，例如預算租金，增長率及估計建築成本。
rate and estimated construction costs to complete based on our
knowledge of the business and development plan of the Housing
Society.
We also assessed the adequacy of the related disclosures in the 我們也評估了財務報表附註中相關披露的充
notes to the financial statements. 分性。

Net realisable value of properties under development 作出售用途的發展中物業的可變現淨
for sale 值

As at 31 March 2024, the Housing Society had properties under 於二零二四年三月三十一日，房屋協會擁
development for sale with carrying value of HK$15,395.2 million, 有作出售用途的發展中物業以成本值及可
which were stated at the lower of cost and net realisable value. 變現淨值的較低者入賬之賬面值為港幣
一百五十三億九千五百二十萬元。

At the end of the reporting period, management performed 於報告期末，管理層為作出售用途的發展中
a net realisable value assessment on the properties under 物業進行可變現淨值評估。可變現淨值乃根
development for sale. The net realisable value was estimated 據估計售價減預估竣工成本及銷售成本的估
based on estimated selling prices less any estimate costs to 計。由於在釐定可變現淨值的估計時涉及到
be incurred to completion and sale. This net realisable value 重大判斷及估計，對我們的審計非常重要，
assessment is significant to our audit due to the significant 包括根據完成現有開發計劃將發生的建造成
judgement and estimates involved in determining the estimated 本的預計，以及對基於可比地區和條件下物
net realisable value, including construction costs to be incurred 業的固定折扣市價所作的未來銷售情況預測。
to complete based on existing development plan, and a forecast
of future sales based on a fixed discount of the market price of
properties in comparable locations and conditions.

Disclosures in relation to the properties under development 相關披露已包括在財務報表附註二點四，三

for sale are included in notes 2.4, 3 and 15 to the financial 及十五。
statements.

Hong Kong Housing Society Annual Report 2023/24 香港房屋協會 2023/24 年度年報 167